Determine your life insurance Health Class Rating

Determine your Life Insurance Health Class Rating

How to get the best health rating for the most affordable Life insurance premium

Insurance companies are in the business of gauging risk. In other words, how likely is it that you are going to die prematurely. Obviously, no one can tell when What Life insurance rating will I receive?

you will past away so insurance companies attempt to gauge it by using factors such as: health, build, hobbies, career etc.

Insurance companies underwriters use this information to determine if they will offer a consumer a policy and at what price. This process is known as a rating.

What are the life insurance company ratings?

Every insurance company lists it's ratings differently however there is a similar pattern to how they are displayed.

  • Preferred Plus
  • Preferred
  • Standard
  • Preferred smoker
  • Standard Smoker
  • substandard or Table Rated
  • Table Rated 1-16 or Table Rated A-P

If a consumer were to receive a table rated policy the premium would be the least affordable. If you receive a table rated policy this would be more desirable then no offer at all. The Preferred Plus rating is going to be the least expensive price.

What are some things that will help me determine the best rating?

One item that you want to note is that smoking will adversely change the price of a life insurance policy. It is also good to note that there are some companies that look more favorably on smoking then others.

Here are a few  things that will help you qualify for the best rating:

  1. Height and Weight
  2. No past drug or alcohol treatment
  3.  Good cholesterol
  4. Good blood pressure
  5. Good driving record
  6. No signs of or symptoms that a reasonable person would explore of serious illnesses, diseases, or ailments.
  7. No adventure sports like scuba diving, rock climbing or sky diving
  8. Your immediate family members don't have a history of cancer or heart disease

It is also important to understand that not all life insurance companies will come to the same conclusion. It is possible that a customer who is a smoker with high blood pressure will receive a higher premium with one company and a lower premium with another.

Can Edward Financial Group tell what my rating will be prior to you applying?

No. Unfortunately. there are too many factors to take into consideration. The selected insurance carriers underwriters is the only one who can determine the exact rating.

Edward Financial Group Advantage

Edward Financial Group is an independent insurance agency that has a wide variety of carriers. These carriers gives us the ability to offer the best price at the best rates.

We have vast experience in getting each consumer and their unique situation the best rating. It is imperative that your application is submitted to the right company from the beginning. Give us a call today @ 404-919-8916.

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