How Is My Term
Rate Class Determined?
Term Life Insurance Rates
Term Life Insurance Quotes
Your term life insurance rate class is determined based on various factors. Most of the factors involved have to do with your health. Term life insurance companies base their term life insurance rates and term life insurance quotes on the overall health of the individual.
Term life insurance rates are based on the rate class to which you are assigned. In order to assign you a rate class, the term life insurance company will look at the results of your life insurance medical exam, as well as any attending physician statements (APS) they request from your doctor. Term life insurance rates and quotes are based on the life expectancy of the applicant. If you have a greater life expectancy, you will most likely pay less for term life insurance.
Other factors that can affect your rate class include hazardous activities or work, prior health history, and family health history.
