life insurance industry
According to a recent survey, nearly a quarter of UK citizens are over weight but, says Cancer Research UK, 25% of these are simply not interested in losing weight. We are, in fact, the second most obese nation in Europe, exceeded only by Greece.
This not only affects the Government of the United Kingdom, which had announced a concerted campaign to tackle the problem through family doctors, but also the life insurance industry.
The problem is that many people are still sensitive about his weight. Sensitive to the extent that they are convinced that sticking to a diet when they are obviously not. The loss of a pound or two occasions of celebration, while the same two pounds to return the next day still no notice. Sound familiar to you?
Well normally Porky one or two about their actual weight does not harm anyone – except maybe yourself. But now the life insurance companies must have a much closer interest. They suspect that lots of people are telling lies about her weight on her life insurance applications.
Consequently, Scottish Provident, one of the insurers largest life in Britain is tightening its application procedures. Now, as to ask candidates how much they weigh, they will be asking past when influenced themselves. It is an attempt to encourage applicants to respond more accurately instead of taking a picture of anything or be with the truth.
A spokesman for the insurance company, said, "We know that people typically underestimate their weight, especially since they are in denial on the subject, although there are some people who lie just to get cheaper premiums.
The British Medical Association classify someone as "obsessed" if their body mass index (BMI) exceeds 24, but most insurance companies are using 30 as its definition of obesity. Above that figure and you'll find that will load your premium or even ask to take a medical examination. Anyone who is overweight can easily see his life or health insurance premium charged criticism as much as 50% – and the extreme cases, coverage will be rejected.
So, if you know your BMI, take your height in meters and multiply it by itself. Then take the result and divided by the weight in kilograms. The result is your Body Mass Index.
While BMI has become the accepted method of assessing someone's weight, has limitations because it does not discriminate if the weight is being carried in fat or muscle. And a study of 33,000 adults recently published in The Lancet, concluded that the medical profession "on the definition of 24" BMI obesity could rise to "more than 25 "without harming health. That's the equivalent of adding an additional means stone. Their research also found that adults with BMI greater than just the 35 experienced a sharp decline in life expectancy.
But in accepting a level of body mass index of 30, the life insurance industry has taken a prudent middle position. Well, if it was their money at risk, right?
About the Author:
Express Life Insurance are specialists in Life Insurance and Critical Illness Insurance
Article Source: ArticlesBase.com – Life Insurance. Fat Customers Tell Porkies.
