The current trend in insurance is that people applying for life insurance have been categorized based on their family history. This means that anyone whose family has a history of, say cancer or diabetes, will likely be penalized arbitrarily in this setup even if that person happens to be healthy and in good shape.
This means that even a physical marvel like 23-year-old Jeff Seid who was featured here in an article by Isaac Haynes, will likely get charged with higher rates under the aforementioned setup if, for instance, anyone from his family has diabetes or any preexisting condition. In other words, a person who trains six times a week, eats all the right kinds of food, and sleeps at least 7 hours nightly, is going to pay the same rates and get the exact same coverage as someone who does not give a care about their health.
This unfair and arbitrary setup, which Andreessen Horowitz partner Alex Rampell describes as the “fundamental unfairness of underwriting,” is slowly being changed, with an equitable system taking its place instead. More and more life insurance companies are putting less emphasis on family history and more on the health status and lifestyle of an individual.
This new system which rewards the health conscious is certainly welcome news for weightlifters like the aforementioned Jeff Seid, who has been training and living a healthy lifestyle ever since he was 12 years old, and Mitchell Stokes, a long-time weightlifter profiled by Candice Holdorf for Health IQ. Stokes is a member of USA Weightlifting since 2013, and now coaches in his hometown. The profile noted that “weightlifters deserve lower rates” as they have a lower mortality risk. That being said, Stokes was aware that his health could take a turn for the worse at any moment through unknown heart issues, cancer and even freak accidents. He believes that he had to get insurance for the sake of his family.
The key reason that weightlifters deserve better insurance rates is that, they are generally healthier than the Average Joe, and it’s not just because they are all strong and ripped and muscular compared to the normal person. Weightlifting itself is good for overall health. The Global News feature on weight training lists some of the health benefits of weightlifting, including the following:
- Weightlifting leads to stronger, healthier bones.
- It helps the body fight off a host of diseases like diabetes and even cancer.
- It helps regulate insulin and lowers inflammation.
- It improves balance, posture, mood, endurance, and energy levels.
Even more, weightlifters are not into pumping iron only; instead, they actually live a healthy lifestyle, which is why they have healthier bones; are less susceptible to illnesses, diabetes, and bodily inflammation; and are more energetic and coordinated. They are also less vulnerable to injuries and have more discipline, a leaner body mass, and better metabolism. These are more than enough reasons why weightlifters deserve the very best that life insurance—basically, premium coverage at an affordable or discounted rate—can offer.
Weightlifters are starting to get what they deserve from the life insurance industry, which is gradually moving away from a system that fails, or rather refuses, to make a distinction between people who are serious about their health and people who are making unhealthy choices in life. This paradigm shift, while a long time coming, is slowly but surely benefiting weightlifters, who are devoting their lives to not only getting ripped and strong, but also improving their health.