Sentences with phrase «standard life insurance applicant»

A table rating is a life insurance rate that is generally reserved for those who are consider a «greater risk» than a normal or standard life insurance applicant.

Not exact matches

Some life insurance carriers will give you a Preferred Plus rating even if one of your parents had a serious medical condition but did not die from it before the age of 60, while another carrier may tell that same applicant that they only qualify for Standard.

Final expense life insurance provides smaller coverage policies without requiring applicants to meet the same standards as other life insurance policies.

Standard Plus Rating Class: The premium rate class available on life insurance policies for applicants that are determined by underwriting to be of slightly better than average health.

Standard Rating Class: The premium rate class available on life insurance policies for applicants that are determined by underwriting to be of average health.

Table ratings for life insurance coverage are an extra charge that is added on top of the standard life insurance rates used to quote applicants who have health issues.

According to Swiss Re, one of the world's largest reinsurance companies, more than 85 percent of life insurance applicants are accepted at standard premium pricing and only 1 - 2 percent of applicants are ever refused coverage.

It's more expensive than a standard term life insurance policy; a $ 250,000, 30 - year term mortgage protection insurance policy through State Farm, for an applicant in excellent health, is more than double a comparable term life insurance policy.

Because applicants may be able to avoid a medical exam, mortgage protection insurance can be more expensive than standard term life insurance.

Since life insurance rates are largely determined by the health of the applicant, this results in higher premiums, but it can be worthwhile if poor health would raise the premiums of a standard term life insurance policy even more.

Final expense life insurance provides smaller coverage policies without requiring applicants to meet the same standards as other life insurance policies.

It pays to work with an agency that has contracts with multiple life insurance carriers, because while one company may deny or table an applicant, another company may offer standard ratings to that same applicant.

In some cases, an applicant who is able to lower his or her risk, for instance by ceasing the risky activity or lowering their blood pressure, may even be able to re-apply for standard life insurance coverage at a future time.

In fact, less than a quarter of all applicants for life insurance will be eligible for discounted rates, with another quarter getting below standard.

Recent changes to the underwriting guidelines, for a select number of life insurance companies in 2016, has allowed those with well controlled type II diabetes to be approved at the same rates given to the standard applicant.

One of the main reasons applicants buy a term insurance policy instead of the other options, like a standard whole life insurance plan is because of the price.

Some life insurance carriers will give you a Preferred Plus rating even if one of your parents had a serious medical condition but did not die from it before the age of 60, while another carrier may tell that same applicant that they only qualify for Standard.

There are life insurance carriers that will give non-smoking rates to applicants who use tobacco or nicotine products other than cigarettes as long as certain standards are met.

Unlike standard life insurance policies, no exam life insurance does not require applicants to submit to a medical exam in order to obtain coverage.

An applicant who has not used nicotine in the past one year may qualify for a standard life insurance rate with most of our companies, but he or she must test negative for any nicotine byproducts or cotinine.

Applicants between the ages of 18 — 65 can qualify for Fidelity's Rapid Decision life insurance — fairly standard issue ages for no exam life insurance.

Nevertheless, for most people it is recommended that qualified applicants procure a standard term or perm life insurance policy rather than an accidental death policy.

In addition to health concerns, there are other circumstances that may prevent or limit an applicant from obtaining a standard term or permanent life insurance policy.

As an applicant for life insurance, you'll be placed in a risk category, such as «Preferred» or «Standard,» along with a subcategory of «No Nicotine» that indicates whether or not you have smoked or use nicotine.

Below, we illustrated the average monthly cost of $ 250,000, 10 - year term life insurance for an applicant in average or «standard» health.

Table rates are life insurance rates that fall below a standard rate and are usually reserved for higher risk applicants.

The medical examination is required of most applicants for life insurance to determine if they meet the underwriting standards, or should be classified as sub-standard, or un-insurable.

Table rates are life insurance rates that fall just below «Standard» or «Normal» life insurance rates and are generally reserved for those applicants who are deemed «higher risk».

Table rates are life insurance rates are life insurance rates that fall just below standard rates and are generally reserved for «higher» risk applicants.

You'll find that angioneurotic applicants will typically be eligible for «Table Rates» ranging from A-C which are just a few rate classes below what would be considered a normal or Standard rate for life insurance.

A «Table Rate» is a life insurance rate that falls below a Standard or Normal life insurance rate and is typically reserved for «higher risk» applicants.

A table rate is a life insurance rate that falls just below a standard rate is typically reserved for «higher» risk applicants.