• My Life is Expensive to Insure

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    doctor.jpg

    (photo: The Doctr)

    Way back in the day when we were just newlyweds (or 18 months ago if you prefer), we came up with a list of things that we thought would be good to do since we’re now married. Surprisingly enough we managed to accomplish most of those things on the list. One task we decided to pursue almost immediately after we were married was to get life insurance.

    We did the responsible thing and reserached our options and talked to a bunch of different agents and got some quotes. We decided that we would get a 30-year term life insurnace plan for $750,000 for each of us. Whether you think we’re over-insured or should have gone with a whole-life plan, that’s not the point of this post.

    The point of this post is to tell you that my genes and medical history suck, especially when it comes to how they have affected my life insurance premiums.

    Life insurance premiums can vary depending on how you are classified. These classificications range from feel-good terms like "Premium-plus" or "premium" to the mediocre "standard" and finally the dreaded "Schedule __", where a letter goes into the blank. Your classification depends on how (un)healthly you are at the time that you are purchasing the insurance and your overall medical history.

    I’ve been candid about writing about my health on this blog – everything from losing weight, battles with depression, knee surgery, and high blood pressure. Apparanelty the insurance companies don’t like to see that I’ve been in the doctor’s office as much as I have been for my various ailments. In addition, a family history of diabetes and heart disease doesn’t bode well for me, either.

    As if my medical history wasn’t bad enough, I also get white coat hypertension, meaning that I get anxious when I get into a doctor’s office or when I know I’m going to get a medical check up, causing me to have temporary high blood pressure. So when the insurance company sent a person to do the at-home medical exam, my blood pressure was through the roof. Not good.

    The ironic part about all of this is that even though all of that was on my medical record, in the 2 years prior I had done the prudent thing and actually got treated for everything, and was the healthiest I’d ever been.

    At the end of this process, Her was classified as Premium-plus. Unfortunately, I had been classified as Schedule D. This means that we have the privelage of paying about $220 per month for health insurance. OUCH!

    I learned that I can get re-evaluated after 3 years, which I’m definitely going to do. Unfortunately, it doesn’t look like I can do anything about my past.

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