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Dublin: 6 °C Thursday 23 May, 2013

Lifestyle ‘vices’ pushing up life assurance premiums, says insurer

Smoking, drinking and over-eating are causing insurance policies to rise, says Caledonian Life.

Image: Anthony Devlin/PA Wire

LIFESTYLE “VICES” ARE cutting life expectancy and pushing up life insurance premiums, according to insurance company Caledonian Life.

The company has cited expert research by the Irish Heart Foundation showing that 39 per cent of Irish adults are overweight and 25 per cent are obese – which is in turn causing premiums to rise.

The company also states that 7,000 people die from smoking related disease in Ireland every year, which is just one of the lifestyle characteristics which are pushing up the life assurance premiums of certain demographics in the country.

Lifestyle ‘vices’ such as smoking and alcohol consumption are all taken into account when pricing a policy, the company says.

“When we underwrite Specified Serious Illness and Life assurance applications, the most common medical issues that we encounter are obesity, elevated lipids (cholesterol) and hypertension (raised blood pressure). There has also been a rise in the numbers of applicants with Type 2 Diabetes which is often related to obesity,” said Daragh Feely Sales Manager at Caledonian Life. “A higher than average Body Mass Index (BMI) continues to be a tell-tale sign of potential problems down the road for many people.”

If a person is obese and has additional medical conditions such as diabetes or high blood pressure they could have difficulty getting approved for life assurance and, where it is approved, they will invariably pay considerably more, Feely said: “A doubling or more of an applicant’s premium due to obesity used to be unusual, but not any more.”

Paddy Mahony a Chartered Accountant and Director at online Insurance intermediary SmartQuotes.ie added: ”Underwriters are particularly conscious of obesity, smoking and alcohol intake as they do not exist in a vacuum; they can lead to other serious health conditions, which is why it can affect your Life assurance rates.”

Those who are considered underweight may also be asked to undergo a medical examination.

However, Caledonian also notes numerous exceptions and variations among life assurance companies – and that  senior citizens (aged over 65) are often held to less strict weight standards.

Read: New rules on advertising of ‘unhealthy’ food and drink to children>
Read: Does a junk food diet lower children’s IQ?>

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Comments (36 Comments)

  • Barry 15/10/12 #

    25% are obese in Ireland, this frankly is shocking. We have kids as young as 9 with weight related illnesses that were unheard of in the 1990’s with kids because only people in there 40′s generally got them I’d say we can expect the number of obese to be hitting 30% by the end of this decade.

    Its all very very worrying,

    Reply
  • Damn! As if Courvoisier and Peruvian Flake weren’t expensive enough in the first place, now they put up my insurance premium?

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  • Insurance companies make me sick….
    As someone who once had a policy (serious illeness cover) which i had to claim from. It nearly 12 mths to get it sorted . I ended up having to get medical records dating back to when i was a infant… Be very careful when taking out any insurance policy they ( insurance companies) usally have some sort of get out of jail card built in…. READ THE SMALL PRINT & ASK LOTS OF QUESTIONS…..

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  • Nydon 15/10/12 #

    “The insurer has cited research from the Irish Heart Foundation which says a quarter of Irish adults are obese”
    ls that what you could call round figures then?
    :)

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  • Is it not the same as all young male drivers who get punished with ridiculous premiums because of boy racers???? These companies are out for themselves and their bank balances!!!!

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  • Now that’s a muffin top

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  • Just got a health check, all levels in the normal range. If I have to guess it’s probable due to a balanced diet and regular exercise. Health insurance needs to be based on results of health check, healthy people who take care of themselves get lower premiums and unhealthy people (those that eat unhealthily and don’t do exercise) have to pay higher premiums.

    Why should I have to pay the same premium as a pint swilling burger eating sofa sitting slob.

    Reply
    • So you have good genes Jason – or at least youve been lucky so far.
      That could change any time.
      Get off your high horse

      Reply
    • At least he can get up on a high horse not like all the fatties who now like to pretend that obesity is a disease.
      He had every right to expect his insurance to be cheaper than people who don’t care about their own health.

      Reply
    • That gets my goat too.. Obesity is no more a disease than laziness is. Speaking as someone who was bordering on obese not that long ago, I got up off my ass, changed my lifestyle and dropped 1/3 of my body weight, and I’d freely admit that I’m not exactly “fit”.. But my BMI went from 24.7 to 19.1, and have kept it off for 3 years. If I can do it, anyone can.

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    • Fair play to you Shanti. It takes hard work to get back to fitness. If people want to be overweight that’s their business, but don’t claim it to be a disease or expect health insurance to be the same as a healthy person.
      Having a healthy lifestyle isn’t about good genes, it takes effort.

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    • Don’t need a horse Dave I walk, run or cycle instead.

      Fair play Santi, I guess it was balanced diet and exercise that you added to your lifestyle.

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    • I say fair play to you too Shanti but don’t think just because it worked for you it will work foe everyone. And fair play to you too Jason – you are fit enough to enjoy your life to the full and you do it – ( I had a look at yr Facebook page and yr pics of your Everest and Kilimanjaro are amazing) but again – you can’t know everyone and the causes for obesity etc are many and varied. Scientists have not discovered a lot of what causes these problems yet. I don’t think you should judge other people just because its not a problem you suffer.

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    • Have to admit, studying nutrition and embarking on a slightly more physical job had a lot to do with it.. Understanding the way food works and *why* certain things are bad for you made quite a difference.. Food is so much nicer when it’s actual food, not processed muck.. I can’t bear most processed foods anymore, they just taste nasty! (Except the chocolate, still a huge weakness lol!)

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    • Exercise and a healthy diet will work for almost everyone Dave. Very few cases of obesity are medical. A tiny minority.
      Some people may need psychological help to overcome over eating but that help is there if they really want it.
      In most cases it’s lack of desire.

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    • Certain medications can cause weight gain or retention, certain conditions carry the risk of weight gain (hypothyroidism for example) but the vast majority of cases it is very much related to foods.

      For example – “white” foods. Or “wheat flour”. It’s in almost everything..
      What most people do not realise is that the chemical used to bleach wheat flour to make it white for breads, pastas, cakes and biscuits – alloxan, is the same chemical injected into lab animals to destroy their islets of Langerhans and induce diabetes.
      By eating foods with traces of this pancreatic toxin they build up slowly, destroying *our* islets of Langerhans and our ability to manufacture insulin. And we wonder why type 2 diabetes is so prevalent..
      And to add insult to injury – many “wholegrain” or “wholemeal” equivalents list wheat flour – eg, white flour as the first ingredient in a quantitive list, they aren’t brown bread – they’re white bread dyed brown to make you pay more for it thinking its more healthy!

      Not to mention soy protein Isolates, found in so many things, any type of unfermented soy for that matter, and its’ oestrogenic effect – oestrogen causes changes in the way fat is deposited – usually triggering weight gain, hence why the pill causes weight gain and women tend to be more curvy than men.. Then there’s BPA in plastics, the residue from which has been known to change the sex of fish in streams near plastic manufacturing plants because of its similarity to oestrogen.

      It helps to know what to avoid and what to have more of. Just because its marketed as healthy doesn’t mean it is (eg: actimels and nutrigrain bars – more than 6 types of sugar in each), a lot of people who try to lose weight end up falling for the con of “low fat” (which usually means all sugar) or “no sugar” (which means chemical laden crap), which ends up backfiring in so many ways in the long run.

      You need to change your relationship to food rather than diet, try and make sure your food is as close to how it was when it grew out of the ground – minimum processing. And learn about balance, something very difficult for us humans to achieve, but worth striving for nonetheless.

      Reply
  • insurance companies look for any reason to increase premiums. leaching off society and playing on peoples fears.

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  • It’s sad to see so many obese kids due to the parents poor lifestyle choices. so many mega-ham adults around get off your ass and do something. Blood sweat and tears training correct diet and rest = no excuses. I fear for generation playstation/dominos

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    • I agree totally. And there is nothing wrong with a bit of playstation on a rainy day, but if its dry, get out and play.
      Parents need to get kids involved in as many activities as possible. Sure, it can be hard to tell a child no, but it’s better than giving them diabetes and sentencing them to a life long battle with weight/food issues.

      Reply
  • phew that’s a pair of love handles eeeek!!

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  • Insurance companies on top of taking your money want to dictate how you live your life too.
    They may go shite.

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  • Too much salt (you require the iodine, not all the sodium), sugars and other nonhealthy comonents found in most processed foods and beverages. Combined with less physical activity.

    These insurance companies would be better off libbying Government to make changes in how much sodium, sugars (more the corn related ones such as high concentrated corn syrup. corn sugars require an additional enzyme to be digested compared to natural sugars that are more dugestable) and other ingredients from processed foods (including the replacement fats and sugars found in fat free or sugar free foods). As well as promiting more physical activities.

    Governments would also benefit from a healthier, less obese poulation in terms of health care costs dealing with assocuated health issues.

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  • Change now or become ‘Mercia. Trust me when I moved here the two things that blew my mind were the acceptance of violence/murder and obesity. You’ve been warned. Don’t tolerate this bull shit.

    Reply
  • Fat ass

    Reply

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