Q: Laura Blair says, “Apparently I’m obese simply because I’m short and muscular, despite the fact that medically all my tests say I’m as healthy as you can get…therefore I don’t get the premium rate, but simply the average rate.”
A: Laura, this is one of the main differences between Group policies, like USBA’s, and Individual life insurance policies. Group policies establish standards for a particular group that all applicants must meet to qualify. This allows potential cost-savings and other specific benefits to be passed on to the entire group. So some may find group coverage to their advantage (even at the Standard premium rate), while others, based on health or other conditions, may find an Individual policy to be a better option.
Remember not only to consider price when choosing the best life insurance option for your family, but also the stability of the insurance company and features of the plan. Be sure to read the terms of the coverage thoroughly and don’t hesitate to ask questions. While one plan may offer a lower premium, another may include important features your family needs.
