Cyxelsid
Member
Hey all, just thought I would share a recent experience with all of you that had VGS surgery. I had my VGS in January 2020, and I lostv125 lbs. I recently became self-employed and for the first time in my life I had to buy my own life insurance. I always had it through my employers.
What I found was that a lot of insurance companies would not sell me a policy because I was within 5 years of having my surgery. Finally, I found a company through Select Quote(SelectQuote | Get a Free Insurance Quote) called Protective Life (Protective Life | Affordable Life Insurance & Annuities), who was willing to underwrite my policy. However, my history of sleep apnea was a factor that significantly raised my premiums. I have a $600k policy, and was quoted $132 per month for 10 years.
I went to my Doctor and had a sleep study ordered, and as we thought, after my weightloss, the sleep apnea diagnosis was cleared! When I sent the sleep study report to Protective Life, they reduced my rate to $94/month for 10 years!
Now, Portectice is only giving me credit forn1/2 of the weight that I lost (125 lbs / 2 = 62.5), because so many people put the weight back on. However, they said that if I keep my weight off for another year, they will re-rate me again for the full amount of my weight loss!
My ultimate goal is to get a 20 year term policy at a reasonable rate. It will take more work to get there, but I will make it!
For conparison purposes... I am a 47 year old, non-smoking, male, in OK health (except the weight).
Just thought you all might find this helpful!
What I found was that a lot of insurance companies would not sell me a policy because I was within 5 years of having my surgery. Finally, I found a company through Select Quote(SelectQuote | Get a Free Insurance Quote) called Protective Life (Protective Life | Affordable Life Insurance & Annuities), who was willing to underwrite my policy. However, my history of sleep apnea was a factor that significantly raised my premiums. I have a $600k policy, and was quoted $132 per month for 10 years.
I went to my Doctor and had a sleep study ordered, and as we thought, after my weightloss, the sleep apnea diagnosis was cleared! When I sent the sleep study report to Protective Life, they reduced my rate to $94/month for 10 years!
Now, Portectice is only giving me credit forn1/2 of the weight that I lost (125 lbs / 2 = 62.5), because so many people put the weight back on. However, they said that if I keep my weight off for another year, they will re-rate me again for the full amount of my weight loss!
My ultimate goal is to get a 20 year term policy at a reasonable rate. It will take more work to get there, but I will make it!
For conparison purposes... I am a 47 year old, non-smoking, male, in OK health (except the weight).
Just thought you all might find this helpful!