Q: I am overweight and my sister is underweight will this effect our rates on life insurance?
A: On the other side of losing weight is gaining weight. There are some people who do not weigh enough. If an applicant has a low BMI, they may be unhealthy. By gaining weight and having a new physical, your life insurance company may help you with your rates by lowering them due to the lowered risk.
Something else that can lower your rates is to lose extra weight. If you are over a certain percentage of your BMI (body mass index) number, you will be charged more for life insurance premium. Being overweight is seen as a health risk, and the rates given by the insurance companies will reflect that. Because you have the ability to ask for a new physical at any time, you may be able to show the company your weight loss and hope for a lower rate.
Some companies do offer incentives for losing weight in the terms of lowering your term life insurance rates. If they do not, you may want to consider another company.