How
to Determine Your Life Insurance Rates Class
Before You Buy Life Insurance?
This page provides life insurance rate
guidelines used by life insurance companies in determining the rate you pay for your life insurance. Based on medical and personal issues, this life insurance rates classification process is how your life insurance rate are determined. in other words, the rate you'll pay.
In order to determine your life insurance rates (rate you pay), most life insurance companies use twelve life insurance rates categories to understand your state of health, your life style, and the risk you impose.
The higher the risk, the higher your Life Insurance Rate!
Rate categories:
- Physical and Mental Impairments and Medical History
- Blood Pressure
- Family Medical History. risk factors!
- Your Personal Driving History
- Whether you use Tobacco or Nicotine Products
- History of Cancer
- Cholesterol Readings
- Cholesterol / HDL Ratio
- Alcohol, or other Substance Abuse
- Aviation Participation. are you a pilot or stewardess?
- Hazardous Lifestyle Activities like Skydiving, Hang-gliding, Rock-climbing, and
Motor sports. all high life insurance rates risks!
- Residency and Citizenship
Height and Weight Rate Tables are also used in determining your life insurance rates.
Using the above life insurance rates categories, together with the Height and Weight Rate Table, most companies will classify you as
best rate class (preferred plus), preferred, standard plus, or standard in determining your life insurance rates.
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