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Life Insurance Health Rating [How To Qualify For the Best Health Class]

Life insurance health class

Your life insurance health rating is what ultimately determines how much life insurance costs. The better your rating, the lower your rates.

Probably the key takeaway from this article is that not all insurance companies are the same. The best life insurance company for you will be determined by the company that will offer you the lowest life insurance rates, rather than the one that advertises cheap quotes.

And for anyone who has not been to a doctor in awhile, you may want to consider no exam life insurance as opposed to taking a life insurance exam, just in case you have an underlying health condition that you are unaware of.

With that said, let’s take a look at the various life insurance health ratings you can qualify for.

Life Insurance Health Class

Your health class is determined by several factors. Probably the most important factor determining what your life insurance health ratings will be is age, because, let’s admit it, none of us are getting younger.

So, what factors determine your life insurance health class?

Factors that determine your life insurance health class rating include:

  • Age
  • Height/Weight ratio (or build)
  • Pre-Existing Conditions
  • Family history
  • Hobbies
  • Occupation
  • Prescription Medications
  • Motor Vehicle Record
  • Medical Information Bureau
  • Credit Record

Life insurance carriers use this information to determine your risk. Your life insurance health rating reflects how much risk the insurance company determines you are.

Life Insurance Health Ratings

There are several categories of risk that you can fall under. As mentioned above, there are multiple factors insurance companies take into account when determining your risk.

The different health rating categories you can qualify for include:

  • Preferred Best or Preferred Plus
  • Preferred
  • Standard Plus
  • Standard
  • Substandard or Table Rated

There are also tobacco health ratings, such as

  • Preferred Tobacco
  • Standard Tobacco
  • Substandard Tobacco

How Do Life Insurance Companies Determine Your Life Insurance Health Rating?

All life insurance companies have underwriters. Life insurance underwriters review the totality of your application, including your health status, any pre-existing conditions, tobacco history, driving record, prescription medications, and credit record to determine what  life insurance health rating you qualify at.

Your life insurance heath class determines what your life insurance premiums will be. The better your health class, the lower your life insurance premiums.

Healthy Credits

For anyone who is on the cusp between one health rating or another, healthy credits can help you bump up a health class or two.

For example, if your A1C is below 5, but you are borderline on your height to weight, you could receive a bump up due to your low A1C that moves you from a standard rate class to a standard plus or preferred health rate class.

Another example would be family history. Many companies will knock you down a rate class if you have a family history of cardiovascular disease (CAD), such as a parent or sibling getting CAD before age 60. But healthy credits can easily negate this reduction and keep you at the best health rate class.

Tips on Getting the Best Life Insurance Health Rating

If you are young and healthy, chances are you will qualify for the best life insurance health class available. But for the rest of us, what are some things we can do to get the best life insurance rates available?

1. Apply with the Right Company

It cannot be understated that the key to getting the best life insurance health ratings, and in turn, the best life insurance rates, is to apply with the right company from the start.

Some companies cater to certain health issues, lifestyle choices, and occupations.

Therefore, if you have a health issue, a dangerous hobby or a risky occupation, apply with the most accommodating insurance company out there.

2. Ace the Paramedical Exam

By knowing what life insurance medical exams test for and following our tips to passing the life insurance medical exam, you can put yourself in a great position to get the best life insurance rates.

Some things to consider leading up to your life insurance medical exam include:

  • Fast for 12 hours prior to the exam
  • Eat healthy foods 1 week in advance
    • Avocados
    • Fish
    • Salads
    • Nuts
    • Raw carrots
    • High fiber foods
    • Low Sodium Intake
  • Avoid supplements
  • Avoid Alcohol 24 hours prior
  • Avoid strenuous exercise 24 hours prior
  • Wear light clothing
  • Stand up tall when being measured for height
  • Relax and lay off the coffee until after the exam
    • (You don’t want your blood pressure to be elevated)

3. Stop The Risky Behavior

There are some pretty easy fixes to getting a better health rate class. For example, if you are a smoker, then quiting the habit can save you a ton of money.

Also, if you currently engage in a risky hobby, such as skydiving, be willing to give it up so that you are not hit with an increased premium due to your dangerous avocation.

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