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Anonymous

08 Dec 2019

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Insurance

I have a high BMI & am below 35y/o, should i get WL or term insurance?

Is it possible for a person with a high BMI (<35) to purchase term or WL insurance? I noe that there are policies out there for ppl like that. As I have a high BMI (33) but managed to get CI insurance with no loading after losing weight. However, i am curious about which type of insurance (term or WL) is better for ppl like that? for example CI or even IP or general life insurance? Asking this on behalf of some of my friends whom find it difficult to purchase insurance due to their high BMI.

Discussion (6)

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Tan Li Xing

06 Dec 2019

Financial Consultant at Prudential Assurance Company (Singapore)

Hi Anon,

Yes, it is possible, however as mentioned by Zhe Liang, there might be loading, meaning you will need to pay more premiums as compared to person within the normal BMI range.

In regards to WL or term, it really depends on what you are looking at as both have their pros and cons, and actually in some instances, they can actually compliment each other :)

Do speak with an agent as they will be able to advise you better with solutions that can meet your needs

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Pang Zhe Liang

06 Dec 2019

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Yes, it is possible for a person with high BMI to get proper insurance coverage - I have worked with a numbers of clients to this end.

In some cases, there may be loading on the coverage, i.e. paying slightly more expensive than the standard premium for the same coverage. All these will depend on the underwriting result and how well your agent fight for your cause.

Both whole life and term has its own merits. I have summarised the key things to know here: https://www.blog.pzl.sg/term-vs-whole-life-insu...

Speak with your agent of feel free to let me know if I could be of help in any way.

Here is everything about me and what I do best.

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