A rating of “Mild Substandard” on this website would be used to classify a life insurance applicant that seems to be in fair to good health with one rather mild medical condition.
How To Get a Quote
To get a quote for life insurance with a rating of “Mild Substandard” use our quote widget/calculator located on the sidebar then select “Regular” from the drop down menu under the “Health Class” (top right hand option). Now, add 50% to the quote you are given. For non math folks, just multiply the resultant premium from the quoter by 1.5.
Will it be exactly 50% higher?
It will be pretty darn close though underwriters always make the final determination after actual application.
Please remember, substandard ratings are officially called “table ratings” by life insurance companies. An approval of an application in a “Mild” substandard rating range… the insurance company might call it Table 2 or Table B.
Most companies charge 25% per table below the standard rating. It’s possible you could get a Table 1 or Table 2 (A or B) premium rating, which would only cost 25%-50% more than the standard (Regular) rating, but the most common outcome of the two is Table 2, and hence why we show a 50% addition.
Applying for Coverage
Please remember, our articles are only a “dialed in” guide as to how you will be rated. All rating and premium decisions are made at the life insurance companies home office by the underwriter. The only way to know for sure what your cost will be is to apply for coverage, and then see what health class you are approved at. If you apply for coverage, there is no obligation to buy. We can help you apply to the carrier who will give you the best offer. With Special Risk Life, we know how to sort high risk cases to the right carrier to secure an affordable option. This is what our team does. It is a challenge we are happy to take on for you.
We can help you with questions or to apply if you call us at 269-230-3464.