From This is Money:
But not everyone is able to take advantage of the price falls. Those who are overw eight or have a high-risk occupation such as being in the Armed Forces usually have to pay higher premiums.
For example, More Than quotes a monthly premium of just over £11 for a 40-year-old man wanting £100,000 of life cover for 25 years. Premiums and cover remain unchanged during the life of the policy.
But according to Lifesearch, if a 40-yearold man who has a body mass index (BMI) of more than 30 – which rates as obesity – applies for this cover, the premiums could escalate by 50%.
Lifesearch’s Matt Morris says: ‘The old loading for obesity meant premiums jumped by up to 20%/ That is more like 50% today and can in some cases be more. People are being loaded earlier and loaded higher.’
He adds: ‘No single insurer will be cheapest for everyone. Those who have a high BMI or complicated medical problems should shop around for the best cover.’
That is exactly what 49-year-old Wesley…