That number alone will automatically place you into a health classification (learn more about
life insurance classifications here).
Not exact matches
The specifics vary by company, but broadly speaking, there are six major
life insurance classifications, listed
here from best to worst: Preferred Plus, Preferred, Standard Plus, Standard, Substandard and — you guessed it — Smoker.
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.
Here is the final comparison of $ 1,000,000 Term
life insurance rates for a 45 - year - old male in the Preferred Non-Tobacco rate
classification.
The Standard
classification is associated with average health, and
life insurance premiums
here are considered the base amount.
For instance,
here are a couple sample
life insurance quotes for applicants with a BMI
classification of overweight, who would have preferred
life insurance rates.