The premiums for life insurance and income protection are predominantly determined by an applicant's age and state of health. However the obesity epidemic in Australia is starting to impact on the life insurance industry, with insurers significantly increasing premiums for those with a high body mass index (BMI). The BMI is a measure of body fat based on the height and weight of adult males and females and is an indicator  of the risk of disease and death.

Premiums for applicants with a high BMI can be up to 30% higher than standard premiums due to the increased probability of health ailments developing. Additionally smokers - even those that smoke occasionally - can have their premiums increased by as much as 25%.

So now there is additional incentive to get in shape and quit smoking with the possibility of you personal insurance premiums being dramatically reduced if these lifestyle changes are made.

For more information on personal insurance and your requirements call 1300 784 011.

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