There are some things you need to know about burial insurance build chart when purchasing final expense insurance. Almost all life insurance companies have build charts or weight tables that determine the minimum and maximum height and weight limits they accept.
Some insurance companies rely on a build chart to determine your risk class. They also use it to assess your mortality based on their underwriting experiences.
Your build is the relationship between height, weight and the distribution of weight. When buying life insurance, your build may play a significant role in determining whether your application for life insurance will be approved.
If you are overweight or underweight, we have good news for you – Some burial insurance companies do not have a build chart.
In this article, we will discuss burial insurance and build chart and how you can find the most affordable final expense insurance if you’re overweight or underweight.
WHAT IS A BUILD CHART?
A build chart is a table which serves as a guideline in the maximum and minimum weight per height that life insurance companies will accept. For example, if you’re only 5’4″ your weight limit will be lower than someone who is 5’9″.
Every life insurance company has its own build chart, and some companies even have no build chart at all.
Build charts or height and weight tables are used to determine the applicants rating class when they apply for a life insurance policy. Your build is a significant factor in determining your premium.
If you are in perfect health, but you weigh too much according to the company’s build chart, you may end up paying a higher premium or being denied coverage.
Some life insurance companies have very lenient build charts. Being 20-50 pounds overweight doesn’t prevent you from qualifying for the company’s best rate class. In fact, some even provide additional weight allowance for men and women applying after the age of 60. This is specifically helpful if you are on the heavier side of the chart.
If your only issue is that you are overweight, you will still qualify for the best life insurance rates with some companies. Even if you have a high BMI and are generally obese you can still get great priced burial insurance as there are life insurance companies that have no build chart.
It is usually mobility issues and weight-related complications such as diabetes or heart disease that may cause you to receive a poor rating or a higher premium. It is important to shop around with the help of an independent life insurance agency like Funeral Funds to see which company will offer you the lowest rate for your height and weight.
All companies have different build charts and some companies don’t even have build charts. Here is an example of one company’s build chart:
BURIAL INSURANCE AND BUILD CHART UNDERWRITING
The purpose of insurance underwriting is to determine your medical level of risk. Being overweight increases your risk of having many diseases which increases the life companies insurance risk of having to pay out the death benefit prematurely.
Life insurance companies set rates depending on how risky they determine you are, or how likely you are to pass away during the life of the policy.
The Center for Disease Control and Prevention reports that being overweight increases your mortality risk for:
- Heart disease
- High cholesterol
- High blood pressure
- Liver disease
- Kidney disease
- Sleep apnea
Although you may not have developed any of these medical conditions, the insurance providers won’t offer you the best rate if you fall outside their recommended weight limits, because being overweight can increase your chances of having medical problems later in life.
BURIAL INSURANCE AND BUILD CHART
Most insurance companies have a build chart to determine the maximum weight for each rating category. Some companies use unisex weight chart. This is more favorable to women who are overweight since men have a higher range of acceptable height to weight ratios.
Burial insurance companies that have build charts generally have lenient height and weight requirement as they are designed for more elderly individuals (and we do tend to get heavier as we get older).
There are actually some burial insurance companies that have no build chart at all. With these companies, you can be overweight, and it does not matter. They won’t care whether you are overweight or underweight and it will have no impact on your rate.
BURIAL INSURANCE FOR OVERWEIGHT
The only way being overweight could become an issue with most life insurance companies are if you have mobility issues. If you are too heavy that you need help in doing activities of daily living your application for traditional life insurance will be declined, but you still have other options.
Six activities of daily living are used by the life insurance companies to measure mobility and determine if you will be eligible for immediate coverage.
- Eating – the process of feeding yourself using a container like a cup, plate, utensils, feeding tube or intravenously.
- Bathing – your ability to get in and out of the bathtub or shower safely. Washing your whole body from a basin, a shower or tub, it also includes
- Dressing – taking off and putting an item of clothing. Putting on and taking off fasteners, braces, and prosthesis are also a part of getting dressed.
- Toileting – your ability to get on and off the toilet safely and perform the necessary personal hygiene tasks.
- Transferring – the act of moving in or out of bed, a chair or a wheelchair. Includes getting in and out of vehicles.
- Continence – the ability to control your bladder and bowel functions. Continence also includes performing related personal hygiene tasks such as caring for a colostomy or catheter bag.
If you are morbidly obese that you need help with these self-care activities, you will not qualify for level death benefit even with those companies that do not have a build chart. Your best life insurance option is to take a guaranteed issue life insurance. We can help you get a policy that is priced well.
POLICY OPTIONS IF YOU ARE OVERWEIGHT OR UNDERWEIGHT
LEVEL DEATH BENEFIT
If you’ve been denied life insurance coverage because of your weight, simplified issue life insurance without a medical exam may be your best option. This plan has less underwriting (health questions) than traditional life insurance, you skip the physical and weight measurement, and you will only need to answer a few health questions.
If you answer no to the “knockout” health questions on the application, most final expense insurance companies will approve your application for coverage even if you are overweight or underweight. Your height and weight proportion will not matter.
You will have immediate coverage with a level death benefit, and your life insurance payout will be the same throughout the life of the policy. Your premium will not increase for life. Your beneficiaries will receive 100% of your death benefit payout whenever you pass away.
We work with companies that do not have a build chart and very lenient in underwriting. If you are generally healthy and you have no issues with mobility or activities of daily living, you can easily qualify for a level death benefit plan. It has first-day coverage without a waiting period, and at the lowest rate, the company can offer.
GUARANTEED ISSUE BURIAL INSURANCE
Guaranteed issue life insurance policies are best for morbidly obese applicants who have mobility problems. Those who need help with the activities of daily living such as eating, bathing, dressing, toileting, transferring and continence. This is the only plan to take if you are obese or underweight with a severe medical condition.
This plan doesn’t ask about your height and weight or any health questions. As long as you are a U.S. citizen, you can sign your name on the application, your coverage will be approved, and you will be immediately covered for an accidental form of death.
Guaranteed acceptance whole life insurance has a two year graded benefit clause for a natural cause of death. If you die within the two-year waiting period, your beneficiaries will receive your total premium paid plus 10% interest. After the waiting period, you will be covered for life.
If you have a serious medical issue aside from being overweight or underweight, you may only qualify for guaranteed issue burial insurance. This plan is your best option if you cannot qualify for a level death benefit. Whatever happens, for as long as you pay your premiums on time, your beneficiaries are sure to receive a cash payout when you pass away after the waiting period.
Many life insurance companies offer guaranteed issue whole life insurance for people with weight problems and those with severe medical conditions. The only difference is the amount of premium and the length of the waiting period.
DON’T PUT OFF BUYING BURIAL INSURANCE UNTIL YOU REACH YOUR IDEAL WEIGHT
Many people put off buying final expense insurance because they plan on losing weight. But, many weeks and months have passed, and they haven’t lost weight, and they are still uninsured.
One of the worst things you can do when applying for life insurance is waiting to lose weight to get a better rate. Waiting around to get better rates is not a wise decision. If you need life insurance, you should buy it now. In a year or so when you reach your ideal weight, you can reapply to qualify for cheaper premiums.
Don’t take the risk of living without life insurance because we don’t know what’s going to happen tomorrow. If you put off getting life insurance until you reach your ideal weight and something happens to you, your family would be left with nothing. Buy your policy now and protect your family.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with a problem with build chart needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a problem with the build chart, let us help you; we will work with you side by side to find a plan that fits your needs.
We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.
We will shop your case to different insurance carriers and get you the best price.
We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search for all those companies to get the best rate. We will match you up with the best burial insurance company that gives the best rate.
We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for build chart funeral insurance, or build chart burial insurance, or build chart life insurance, we can help. Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate quote.