What is a Life Insurance Health Rating?
Why Do Life Insurance Companies Use Health Ratings?
Life Insurance Health Ratings and Their Differences
- Preferred Plus
- Standard Plus
- Preferred Smoker
- Standard Smoker
- No serious medical history
- No family history of death before 60 (accidents excepted)
- No family history of cancer
- BMI of 25 or lower, but not too low
- Great blood pressure
- Great heart rate
- No drug use
- Alcohol consumption less than 3 times per week
- No adverse driving record
- No hobbies such as scuba diving, rock climbing, motored vehicle racing, or hang gliding
- Your job is perfectly safe (i.e. you aren’t a miner, lumberjack or work on an oil rig)
The Tobacco Classes
Life Insurance Table Ratings
Life Insurance Table Ratings Chart
|Table Letter||% Increase||Standard Premium||Table Premium|
How to Boost Your Heath Ratings
Some things are unavoidable. If you suffered a heart attack 5 years ago, you can’t change that. Although you can take steps to improve your health and look better to underwriters than someone who just kept on doing whatever they were doing.
Step 1: Apply with the right company.
Step 2: Ace the life insurance medical exam.
Step 3: Follow your doctor’s orders to the letter.
Step 4: Do not volunteer information.
Ways to Decrease Your Premiums on a Current Policy
How Pre-existing Conditions Affect Health Ratings
Every ailment affects your life insurance rates differently. When you apply for life insurance and you are treating a condition with medical marijuana, the concerning factor is no longer the cannabis, it’s the condition. Every condition varies in severity.