Have you ever had concern about or have even been rated or rejected when applying for insurance? What frustrates many, is not even knowing on what they are being judged. Though each insurance company has their own proprietary measurements and process, there are a few basic fundamentals that consumers can measure and sometimes even control.  

Here’s one basic factor that all insurance companies bet

In every case, when an insurance company insures someone, they believe to some reasonable degree that the outcome will be in their favor. They are actually betting that you will live, or be healthy, or maintain the viability of that thing that you are trying to protect. In order to lean those outcomes in their favor, the insurance companies have a few levers, allowing them some advantage in choosing who they will insure. 

It’s a Numbers Game

Did you take statistics in high school or college?  Remember all of that useless information that you thought you would never use? Not so however for insurance companies. They use an analytical process called actuarial science; the discipline that applies mathematical and statistical methods to assess risk in insurance, finance, and other industries and professions.(1)
If you were an insurance company selling life insurance, who would you want to insure?  Wouldn’t you only pick the people that had the most favorable outcome for your company? You would want to insure those who most likely would have the longest, healthiest life. Actuarials create mathematical mortality tables  that are so accurate, they can predict down to the decimal point how many people will die at any given point in time. They don’t know who will die, they just know how many.  So insurance companies create pools of people that share similar data points that they can profile.  Based on those groups, they have an almost perfect predictor enabling them to set the right price so that they can make a profit. 
Does this mean that insurance is a scam or that your odds for a favorable outcome is like playing the lottery? Absolutely not!  Insurance is about the transfer of risk. You can give the financial burden of a future potential hazard to an insurance company, and they group your risk with a large number of people similar to you, knowing that  only a certain percentage of people will experience that possible outcome. So here’s where the magic happens. 

You’re not competing with the insurance companies. You’re competing with all those people also hoping to protect themselves from the same risk.

If you know how the game is played, you may be able purchase insurance at a lower cost and often maximize your benefit. For this reason, it is so important for you to know your numbers and make sense of your lab work.  Blood sugar, high blood pressure, and cholesterol are just a few markers to consider. 

Meet Jerene Olsen, Health Coach & Expert in Herbalism

Watch the above video to learn how to distinguish your fats improve your health.   Jerene has served along with her colleagues to change the lives of millions of people seeking alternatives and supplements to traditional medicine.  Her focus is on lifestyle and nutrition. She’s an expert in the use of herbs and some forms of Chinese traditional medicine.  Her life’s message is to “take care of the body you live in, and enjoy a better quality of life.“ 
SmartPartners  has referred several clients to Jerene looking for guidance and options to improve their overall health statistics. Call Jerene Olsen at 602-953-9445.