How to qualify for preferred plus life insurance rates varies and only some companies offer them. Examples would be Standard, Preferred or Super Preferred rates.
Standard is what the name implies regular rates for a person of that age. Height weight are inline and no health concerns or "dangerous" activities.
Preferred rate as you might suspect is in a little better health and has good activity habits.
Super Preferred or Preferred Plus qualifiers are in excellent health, are very physically active and have a very good family medical history.
Should point out, that the best smokers can hope for is that some companies of preferred standard smoker rates. Super Preferred is not available.
Since the qualification and product varies by company, an independent insurance broker, should be able to help you find the right policy and the right price.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
This is a great question. Very few people can qualify for the rate class above Preferred. The criteria differs from carrier to carrier, but in general, to qualify for Super Preferred rates, you must:
1) have lab results that all fall in the normal range, with cholesterol being very good;
2) blood pressure and pulse must be very good;
3) you cannot have a parent (some also include siblings) who had heart disease or cancer (some also include diabetes and other illnesses) before age 60 or 65;
4) you cannot use tobacco (the best tobacco users can get is Preferred Tobacco or Preferred Smoker);
5) you cannot be overweight;
6) you cannot have had any serious health conditions throughout your life (again, all these vary by carrier, health condition, treatment, etc);
7) you do not participate in dangerous hobbies, had excessive traffic tickets, had treatment for substance abuse, etc.
Shopping with a broker can get you the best possible rate because each company has its own standards for how they rate. Please do not hesitate to contact me if you would like personal assistance.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
A bell-shaped curve gives you an idea of the distribution of health conditions for a population. A very few are out on the edge of the curve and as you move to the middle many more qualify. That is what happens with underwriting. The rates are determined for the broad center of the curve. A few are somewhat better and a very few are truly exceptional.
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Standard is what the name implies regular rates for a person of that age. Height weight are inline and no health concerns or "dangerous" activities.
Preferred rate as you might suspect is in a little better health and has good activity habits.
Super Preferred or Preferred Plus qualifiers are in excellent health, are very physically active and have a very good family medical history.
Should point out, that the best smokers can hope for is that some companies of preferred standard smoker rates. Super Preferred is not available.
Since the qualification and product varies by company, an independent insurance broker, should be able to help you find the right policy and the right price.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
1) have lab results that all fall in the normal range, with cholesterol being very good;
2) blood pressure and pulse must be very good;
3) you cannot have a parent (some also include siblings) who had heart disease or cancer (some also include diabetes and other illnesses) before age 60 or 65;
4) you cannot use tobacco (the best tobacco users can get is Preferred Tobacco or Preferred Smoker);
5) you cannot be overweight;
6) you cannot have had any serious health conditions throughout your life (again, all these vary by carrier, health condition, treatment, etc);
7) you do not participate in dangerous hobbies, had excessive traffic tickets, had treatment for substance abuse, etc.
Shopping with a broker can get you the best possible rate because each company has its own standards for how they rate. Please do not hesitate to contact me if you would like personal assistance.