Why Health Tracking Can Reduce Premiums

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If you are the kind of person that loves statistics and technology, the chances are that you already have a wearable health and fitness tracker.

Fun, right? More than fun – actually helpful!

The fact is, that the wave of fitness trackers like the Apple Watch and FitBit are surprisingly effective for many people who are trying to lose weight or maintain a healthier lifestyle. But what does any of this have to with life insurance?

Life and health insurance based on fitness

Getting cheap life insurance premiums is all about risk. If you are a high risk, then you can expect to pay more for your insurance and vice versa. It’s a simple-enough sounding system with a whole lot of complexity to it, but can often be boiled down to:

Healthy person = low life insurance premiums

The thing is, for all the years of life insurance that have come before, there has been no way to fairly and accurately track a person’s health and get that data to the life insurance companies to provide a discount to anyone based on their fitness.

There is now.

Fitness trackers for life insurance discounts

If you already regularly use a device like the Apple Watch, then you will know just how accurate these devices are. If you wear one throughout the day it will count everything from the number of steps you walk to your heartbeat and over time, it will build a perfect picture of your health and the efforts you are making to maintain it.

Just the things that an insurance company would love to know!

Consequently, the life insurance companies have started to offer discounts based on this information – and not only discounts, but other perks too, from gym memberships to cinema tickets and even flights!

Can you get life insurance if you have health problems?

Having an existing health concern when you apply for life insurance is going to have an effect – your premiums will be higher and there may even be need for exclusions on the policy, meaning it won’t pay out if you die from your pre-existing condition.

There are ways around this, however. Over 50s insurance is a type of policy that has no medical checks attached to it, meaning you can get a guaranteed level of cover with your pre-existing medical condition.

If a medical condition shows itself when you have already put a policy in place, however, you do not need to worry – your life insurance is already set up and no one can (or would) take it away from you!

Health and life insurance in the UK – life insurance quotes that take into account your regular fitness regime

At Quick Quote Protect we work with all the top UK insurance providers to help you keep the cost of your life insurance down.

We can advise you on how being healthy affects life insurance premiums, getting the best life insurance and even the right fitness tracker for full health insurance support.

We can help you get a policy under the average life insurance cost per month with a fitness regime that will keep you going strong well into your old age! Give us a call today to find out more!