Critical Life Cover

How to Avoid Being High Risk and Getting a Critical Life Cover

People who have taken out life cover policies have experienced being scrutinized by insurance companies during the application process. Since a person’s insurability is based entirely on his overall appearance, health and lifestyle, it’s no surprise insurers ask so much information. People are generally aware of this, but what they don’t know is how easy it is to be considered high risk. Being a high risk is not necessarily a pleasant thing as this means you’ll be taking out a critical life cover and you have to pay high premiums. Here are the four main factors that insurers look at before determining whether you’re a high risk or not. It’s essential that you know these as they aid you in your quest to escape being a high risk to the eyes of insurers.

Physical condition

Among the four factors, this is the most basic. What insurers look at is your height to weight ratio. Ideally, you should weigh just right for your height. This means you should not be overweight or underweight as both signify unhealthiness. Most insurance companies in the UK follow this strictly so make sure your weight is right for your height. You can search the internet for height-weight charts for further details.

Medical condition

Perhaps the most crucial of all, your medical condition must be kept normal, at worst. Otherwise insurers will charge you steep premiums. A good way to start improving your medical condition would be lowering your cholesterol level as this may lead to a lot of benefits for your body. For one thing, low cholesterol levels significantly lessen the chances of getting a heart attack. So the lower your cholesterol level is, the greater your overall health becomes. Escape being a candidate for a critical life cover by taking active steps to improve your health.

Mental Condition

People diagnosed with psychological disorders have a difficult time taking out cheap life assurance plans because insurers find them too risky. Actuaries and underwriters reason that people with psychological problems such as depression are more prone to destructive exploits such as murder and killing themselves, thus their insurance applications are usually declined or subjected to a lot of conditions and exclusions.

Lifestyle

Some may find this unfair but insurers also look at how you live your daily life. If you constantly engage in dangerous activities and play extreme sports, insurers will definitely charge you higher premiums because they obviously wouldn’t want to insure people who relentlessly risk their lives. In order to avoid taking out a critical life cover, refrain from doing hazardous activities such as bungee jumping at mountain climbing. GP