The rate class in term life insurance is determined based on various criteria that differ with different life insurance carriers. You need to understand that when comparing term life insurance rates, even if you're in excellent health, there is a good chance you won't qualify for the lowest term life insurance rate. As mentioned earlier it is not uncommon for an individual to be classified as "standard" at one company and "preferred" at another.
The key is finding the right company that will offer you the most affordable term life insurance rate. Work with a life insurance agency that has an online presence, and one that constantly monitors each company's criteria so that you get the best rate for your particular situation.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
submitted by Denise in US
@ July 08, 2010 - 10:25 AM
The key is finding the right company that will offer you the most affordable term life insurance rate. Work with a life insurance agency that has an online presence, and one that constantly monitors each company's criteria so that you get the best rate for your particular situation.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.