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Root Causes for More Expensive Life Rates
Number one on the list, heart disease can directly reduce life expectancy. This is particularly true in the case of heart attacks that irreparable damage heart muscle tissues.
Some life insurers do not underwrite Type 1 diabetes developed during childhood at all; others carriers charge extremely high premiums to cover the elevated risks. Adult-onset Type 2 diabetes treated with oral medications is associated with longer life expectancies. Therefore, life insurance rates for Type 2 diabetes are less severe.
Different types of cancer dictate various levels of required premiums, again depending on historical life expectancy rates. As noted above, stage 4 cancer is usually not underwritten at all. Skin cancer may have only minimal impact on life insurance rates.
Medical conditions are often associated with obesity, such as diabetes and high blood pressure. Since those conditions have lower survivor rates, premiums are typically higher for obese applicants. Of all the medical conditions in Amy Denise’s review, overweight people have the greatest opportunity to improve their health through balanced diet and exercise.
Chronic bronchitis and emphysema are 2 lung conditions that directly reduce life expectancy and therefore are subject to higher life insurance premiums.
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