It’s that “aha moment”… the moment when you realize “I’ve always been active.” Your definition of active may vary, but if you’ve been healthy and active your whole life, there is good news!
In a 2016 survey, just over 1,000 “CrossFitters” from 11 Boxes across the country said this:
Not only does exercise increase our longevity, but we commonly have other characteristics that correlate to longer, healthier lives. However, active and healthy people “subsidize society,” typically paying for more than they use.
Health Savings Accounts: By moving to a high deductible health insurance plan, we lower the cost of our premiums dramatically. By placing the premium savings in an HSA, we keep what we don’t receive in out-of-pocket reimbursements, saving us money.
Life Insurance: Applying for life insurance involves a detailed examination of our personal health, lifestyle and other risk factors. For “life-long actives,” we will likely be evaluated as a superior risk due to our lifestyle and health, saving us money.
Annuities: In simple terms, annuities pay you until you die. If we live longer than the average person, then we will receive funds that are beyond what we paid into the annuity, literally making us money.
This makes annuities a good “risk” for lifelong actives, as we are more often than not going to receive more payouts from an annuity than we’ve funded through investment(s).*The actual pricing and payment of an annuity can be much more sophisticated. This illustration should only be used to understand the basic manner in which annuities work.
Work Hard. Be Rewarded.
Take pride in your fitness! We stand to live longer, healthier lives. Reward yourself by saving money on your insurance.
By Todd Seabaugh, an Affiliate holder for CrossFit St. Louis and blogger at fitlifecovered.com. Reach him at firstname.lastname@example.org.