Four main factors are used to determine the total premium – your age, the amount of coverage, the number of years the coverage is guaranteed, and the risk class. Every life insurance company differs slightly in their underwriting guidelines, which determine the rate class you will qualify for. The insurance company will take into consideration the following:
- Personal medical history
- Your height/weight profile
- Smoker status
- Results of a medical exam
- Your family medical history (including cancer, heart disease, etc.)
- Driving record
- Other hazardous activities you may partake in
Learn more specifics about how rate classifications/risk classes work, click here.
If you’re unsure of which risk classification you qualify for, how much coverage you need, or how long the term should be, click start a chat to connect with one of our knowledgeable representatives immediately. You can also send us an email or call our licensed agents at 1-800-521-7873. To compare quotes, simply click get a quote and you will be taken to a page that asks you to complete a form.