Along with shrinking clothing sizes and reduced food budgets, overweight people who go on a diet can now have another tangible measure of their progress: life-insurance rates that trim down along with their waistlines. Under a new program being offered to members of Weight Watchers International, Inc., the firm that in the past eight years has signed up some 3,000,000 fatties for weight-reduction programs, premiums for term life-insurance policies are based not only on age but also on bulk. Members who lose the required number of pounds and keep them off for at least six months are given rate...

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