The health classification into which an applicant falls can have a big effect on the cost of life insurance coverage, and it is important for life insurance shoppers to understand the various classifications insurance companies use to rate their policyholders.
Life insurance companies may require their insurance applicants to undergo a medical exam in order to determine their current level of health and any potential future health problems.
The insurance company uses a number of health classifications to group their insureds, including preferred plus, preferred, standard plus and standard.
Preferred plus is the top tier (best health class), but only a small percentage of applicants will fall into that class.
The rest of the life insurance policyholders will fall into one of the other health class groups, and their premiums will reflect that distinction based on their personal health.
Here's how to review the leading life insurance carriers and request your life insurance quote comparisons.