Question you may feel Embarrassed to ask your insurance agent ?

Applying for life insurance means answering some pretty personal questions. For example: How much do you weigh? (We’re talking the actual number, not the aspirational estimate on your driver’s license.) Do you smoke? Whom do you want to get the life insurance money when you die? Wait — not your spouse?

Don’t let any of that stop you from getting a life insurance policy. Here are the answers to five questions you might be embarrassed to ask your insurance agent.

1. Am I too fat to buy life insurance? 

Probably not.

Even if you’re overweight according to your body mass index (BMI), a common measure of fat based on your weight and height, you can still qualify for good rates with a lot of companies 

The key is applying for coverage with the right companies for your situation, which an agent can help you do.

“Some companies have very strict height and weight guidelines, some are much more lenient, and some companies don't use them at all,” 

Even if your weight keeps you from getting the best rates, Andrew says to apply for coverage when you need it, rather than wait until you shed the extra pounds. You put your family at financial risk if you go without coverage, and you could develop a health problem in the meantime that could drive up your rates if you wait. Apply for coverage now, he says, and if you lose weight later, you can ask the insurer to adjust your rates accordingly.

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2.Am I too old for a policy? 

The cutoff age to buy term life insurance, which provides temporary coverage for a certain number of years, is age 70 or 75 with most companies, Andrew says. You can buy smaller whole life insurance policies to cover burial and other final expenses at almost any age.

Most people need life insurance when they’re raising a family. The good news is that a term life insurance quote is going to be low and affordable when you’re young and healthy. Life insurance quotes increase as you get older. 

3.DOES MY DEATH-BENEFIT ADJUST FOR INFLATION?

Before buying one, ask your agent if your policy automatically adjusts for inflation. Because, inflation increases at an approximately 10% every year and if the policy is not adjustable, it wears down with time, even if you do not miss a payment.

Whereas some policies automatically adjust to inflation or can be improved with additional riders. Remember that INR 30,00,000 may look huge today, but may not be the same 25 years down the road.

4.WHAT IF MY HEALTH CHANGES AS TIME PASSES?

You may have to go for a medical evaluation before buying a health insurance policy. But during the course of the policy, your health may change for better or worse. So, it becomes important to ask if there is a chance to improve on your rating if your health improves. Understand what happens if your health deteriorates or you become un-insurable.

5. Can I leave the money to someone other than my spouse? 

“You can dictate whoever you want as your beneficiary,” 

The policy owner — the one who pays for the coverage — has the sole right to designate the beneficiary, the person who receives the money when the insured person dies.

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