Ed Hinerman On Life Insurance

A Life Insurance Look At Fat March!

I watched the beginning 15 minutes of a TV show the other night called Fat March where 6 men and 6 women, all substantially overweight to morbidly obese, were going to walk 500 miles to see how many pounds they could shed. Unlike most folks trying to lose weight, if these people make it 500 miles they will each get a cut of $1.2 million. That’s some serious incentive.

The problem is there are only enough reality shows to offer incentive to a few people a year and obesity marches on for the average person. At this point most of the 12 people on that show would not qualify for traditional life insurance. It remains to be seen if they can make it into the insurable ranks by walking 500 miles.

Here is a breakdown of how much they would pay for life insurance, if they are insurable, right now. I was able to get profiles from www.zap2it.com. The asterik that goes with these quotes is that there is an assumption of no health issues and being non smokers. For continuity they will all be quoted for $250,000 of 20 year term with Prudential Financial. At the end of the show I will requote them.

1. Anthony, a contestant on ‘Fat March,’ 25, 6′3″, 410 pounds, 25-year-old virgin - He is unemployed and resides in Addison, Illinois. Cost of insurance $560.00.

2. Chantal, a contestant on ‘Fat March,’ 35, 5′2″, 250 pounds, comedian — A student who resides in Brookline, Massachusetts. Cost of insurace $535.63.

3. Jami Lyn, a contestant on ‘Fat March,’ 30, 5′9″, 226 pounds, military wife — A housewife who resides in Daleville, Alabama. Cost of insurance $430.63.

4. Kim, a contestant on ‘Fat March,’ 39, 5′5″, 225 pounds, former rap diva — A real estate investor who resides in Duluth, Georgia. Cost of insurance $535.00

5. Loralie, a contestant on ‘Fat March,’ 30, 5′3″, 233 pounds, wants to have a baby — A marketing resources expert who resides in Milwaukee, Wisconsin. Cost of insurance $381.25.

6. Matt, a contestant on ‘Fat March,’ 36, 6′3″, 386 pounds, professional wrestler — He resides in Cincinnati, Ohio and is married with two children. Cost of insurance $613.75.

7. Michael, a contestant on ‘Fat March,’ 41, 6′2 1/2″, 330 pounds, baseball coach - A lab technician who resides in Elwood, Illinois. Cost of insurance $735.00.

8. Sam, a contestant on ‘Fat March,’ 22, 5′9″, 371 pounds, certified massage therapist - He resides in Everett, Massachusetts, is single, and believes that his weight has kept him from being hired. Cost of insurance $620.00.

9. Shane, a contestant on ‘Fat March,’ 34, 6′0″, 500 pounds, new dad - A youth minister who lives in Mesquite, Texas. UNINSURABLE!

10. Shea, a contestant on ‘Fat March,’ 27, 5′7″, 280 pounds, former college softball player — A makeup/special effects artist who resides in Indian Rocks Beach, Florida. Cost of insurance $355.00.

11. Wendy, a contestant on ‘Fat March,’ 40, 5′6″, 234 pounds, professional singer — A bookkeeper who resides in La Canada, California. Cost of insurance $575.63.

12. Will, a contestant on ‘Fat March,’ 26, 6′2″, 470 pounds, competitive eater — He works in retail and resides in Brooklyn, New York. UNINSURABLE!

Bottom line. I guess we’ll see.

5 comments August 8th, 2007

I Am Officially Off My Overweight Case! I Am Smarter Than A Chimpanzee!

After being beat up by a body mass index calculator yesterday, I have found an ally in my new found health problem. While life insurance underwriters still take a stance that obesity and some of it’s ugly cousins, diabetes and heart disease, are not going to get you the best rates, a fat advocate popped out nowhere.

A science article in the New York Times claimed the fat high ground today and brought to light the fact that fat is an essential part of our body, not unlike the liver. Why then, if fat is so vital to our body, would “doctors vacuum out something like two million pounds of fat from the thighs, bellies, buttocks, jowls and man-breasts of 325,000 people a year”? Vanity? An attempt at de-evolution?

According to Bruce M. Spiegelman of the Dana-Farber Cancer Institute in Boston, “if you had no fat cells, no adipose tissue, you’d still be out of energy balance, and you’d put the excess energy somewhere else,” he said, at which point really bad things can happen. Consider the lipodystrophy diseases, rare metabolic disorders in which the body lacks fat tissue and instead dumps its energy overruns in that jack-of-all-organs, the liver, causing extreme liver swelling, liver failure and sometimes liver-bearer death.”

So, what Mr Spiegelman is suggesting is that fat is protecting our body from food produced energy going to the wrong places. Well, I’m all for that. But, isn’t he also saying that if we don’t cram quite so much energy into our bodies, our body would need less fat?

I was hanging in there, trying to seriously consider all of this, and then Natilie Angier, the author of the article dropped one that left me reeling. Let me preface her comment by saying that I sold all of my stock in evolutionary biologists a long time ago. She said “Indeed, evolutionary biologists have proposed that our relative plumpness compared with our closest nonhuman kin, the chimpanzee, may help explain our relative braininess. Even a lean male athlete with a body fat content of 8 percent to 10 percent of total body mass (half the fat found on the average nonobese, non-Olympic American man) is still a few percentage points more marbled than a wild male chimpanzee, and scientists have suggested that our distinctive adipose stores help ensure that our big brains will be fed even when our cupboards go bare.”

Bottom line. I am only smarter than a chimpanzee because of my body mass index. On a more serious note, as I mentioned yesterday, life insurance companies use build charts that are much kinder than the BMI calculator that I used. Weight is a factor in life insurance rates, but not all companies look at it the same. A good independent agent can steer you in the direction of the best possible rates for your particular build.

Add comment August 8th, 2007