How to Determine Your Life Insurance Health Class Ratings

Your health class rating is of paramount importance. The reason is that life insurance companies typically use your health class to establish your risk level and premium rates. To help you predict your health class, we will look at the factors used to determine your health class and the health classification itself.

Factors that decide your health class

Your life insurance company uses a number of factors to determine your health class. These factors are listed below:

  • Personal medical history
  • Age
  • Financial situation
  • Family medical history
  • Lifestyle/hazardous occupations
  • Weight/height

Life insurance health class ratings

  1. Preferred plus: Some life insurance companies also refer to this category as the select rating. This health class is offered to people who are in excellent health with a normal weight and height. Also, these individuals do not have any history of serious illness in their family medical file.
  2. Preferred: To qualify for this rating, your health has to be excellent. Your weight and height also has to fall into the normal category. However, it allows for minor health issues like a slightly increased cholesterol level or a bit of blood pressure.
  3. Standard plus: If your life insurance company puts you in this category, it does not mean that your health is poor. Rather it implies that you are in very good health. However, your risk level is slightly higher than those in preferred plus and preferred. So, if you have high blood pressure or are overweight, you might be in this class.
  4. Standard: People in the standard health class are usually those with average health. In addition to having minor health issues, these sets of persons have a family history of premature death caused by sickness.