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Financial adviser Carolyn McClanahan shows clients how the cost of life insurance varies based on weight and smoking status. Although we all agree being overweight or smoking is far from healthy, McClanahan shows that it is also extremely costly. Falling into both categories can raise premiums far beyond what a healthy individual pays. If this information was made transparent to millennials, it could be a real life saver. Helping individuals in there 30's strive build a healthy lifestyle both physically and financially, once they enter their 40's.
While a healthy 43-year-old woman would pay $1,215 a year for $1 million of term coverage from the insurer used in this example, her annual premium would jump to $1,864 if she were overweight. This insurer defines that as weight of 170 pounds or more for a 5-foot 2-inch woman. Add smoking to the picture and the woman’s rate soars to $5,960 a year. “I always say financial planners can do a better job of getting clients to live a healthy lifestyle than doctors can,” says Ms. McClanahan, a former medical doctor. “Money talks.”
http://www.wsj.com/articles/aha-a-dollars-and-cents-reason-to-lose-weight-1454504401
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