So if you're both in excellent health, you get somewhat of a downgrade in
health classification here, as the best you can qualify for is standard.
Not exact matches
In Europe we look more to the World
Health Organization's International
Classification of Disease in our clinical work, but DSM does guide research
here.
Our point
here is when you're comparing prices for life insurance, your
health classification is the one variable that you don't know.
Each life insurance company has
health classifications — you can read more of the super exciting insurance details
here — which essentially break you into different pricing tiers based on your
health history.
That number alone will automatically place you into a
health classification (learn more about life insurance
classifications here).
Here's a list of those
health classifications from best (preferred plus) to worst.
The Standard
classification is associated with average
health, and life insurance premiums
here are considered the base amount.