There are 7 health classifications you can land in when applying for life insurance. Some of them are for low risk applicants while some are special risk, high risk life insurance applicants. When you ready to apply for coverage, you want to make sure you are applying thru an independent life insurance agent/broker not someone selling auto insurance or working in a big call center.
Being put thru to the wrong insurance company may result in being overcharged, having reduced benefits or even being decline. If you want your best offer, life insurance requires a specialized agent and an experienced team who handle even the toughest cases. To get instant life insurance quotes, you’ll first want to have an understanding of how to classify yourself first. The information you need to get your quick quote is on this page below.
Life insurance cost is based on your age, gender, overall health, lifestyle, driving record and prescription history.
With our instant quoting tools, you must select the length of coverage from the drop down menu labeled “Type of Insurance.” For permanent, protection chose “lifetime” coverage. Lifetime is, guaranteed universal life insurance policy. There are two tools
Running Your Online Insurance Quotes
Do you need lifetime life insurance coverage or just for a certain number of years? This is a very important decision. Level term life insurance is for a defined period of time, in years. After the “term” ends, the policy price goes up exponentially.
The better health class you qualify for the lower your premiums. Additionally, some of the high risk classifications could result in lower available benefits due to higher perceived risk by the insurer. The final cost of life insurance is determined after the insurance company underwriter has evaluated your completed electronic application. The instant life insurance quotes are accurate. The insurer will review to see if the individual qualifies for the policy applied for and confirm the rate class you have been given. This is called underwriting.
Our Life Insurance Health Classifications on This Site
- Preferred Plus – These are people in A-1 health. Everything in this applicants life is in order – health and family history, driving record and height/weight. If you believe you might be in this classification, you may just fill out the quoting calculator in the sidebar. If you may be a few extra pounds on the heavy side (be honest with yourself) you may reflect this by using the drop down menu under “Health Class” and select Preferred or Standard Plus. Preferred or Regular Plus can be used for very moderate risk issues, but these are numerous to elaborate on here.
- Regular – For people with an average life expectancy. Find the “Health Class” drop down menu on the sidebar Quoting Tool. Select “Standard” from that menu.
- Mild Substandard – You have a significant and medically diagnosed health condition or are considered high risk for other factors. Add 50% to the “Standard” premium. Click Here for a Quote
- Median Substandard – You have a more significant and medically diagnosed health condition or conditions. You may be considered high risk for other factors such as lifestyle or employment. Add 100% to the “Standard” premium. Click Here for a Quote
- Strict or Severe Substandard – You have a very significant medical condition or multiple conditions. Add 150% to the “Standard” premium. Click Here for a Quote
- Graded Death Benefit – If your risk is impaired to the point you cannot apply for traditional life insurance, you still may be qualified for graded benefit life insurance. These policies are designed for people with very significant health conditions. A graded death benefit policy has reduced benefits the first 2-3 years (depending on the life insurance carrier) after it has been issued. Click Here for a Quote or simply call us at 269-230-3464
- Decline – If you are in poor health due to a serious medical condition that was unable to be medically underwritten you can still obtain life insurance by purchasing a guaranteed issue, guaranteed acceptance policy. This is a no medical question and no medical exam application. The full benefits are not available to the beneficiary for the first 2-3 years, carrier dependent. Call us for details at 269-230-3464, to verify your alternative options to save money. If you would like an online instant quote for Guaranteed Issue Life coverage here is the here is our final expense whole quoting tool. Select “Poor Health” which will lock this type of coverage.
With rocky health, we do recommend you give us a call. Many carriers just don’t accept certain medical conditions. We will sort this out for you.
Don’t hesitate to reach out if you have any questions as to what life insurance health classifications you should use with the instant online life insurance quotes. 269-230-3464
