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	<title>New answer on: What Is Rate Class In Life Insurance?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-rate-class-in-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Wed, 19 Jun 2013 15:46:46 +0000</pubDate>

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		<description><![CDATA[The rate class of a life insurance policy can also be called the risk class, or health rating. It is the class that you are put in based on your health and other risk factors (family history, dangerous hobbies, health conditions, weight, and many other things figure in). The rate classes go from one step above Preferred to Table 8, with most Term policies. One table rating usually adds 25% onto the Standard rate, although this calculation varies among companies.]]></description>

		

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-rate-class-in-life-insurance</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Tue, 18 Jun 2013 15:50:35 +0000</pubDate>

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		<description><![CDATA[Life insurance underwrites the health of the policy insured via various medical tests and the collection of attending physician statements. Those tests result in an underwriting score based on the debits and credits of an underwriting balance sheet. The parsing of classifications can be very specific like nonsmoking Super Preferred, Preferred Plus, Preferred, Standard Plus, Standard, Preferred Smoker, Standard Smoker, Tobacco user (pipes, chew, cigars, and snuff).  Then there are 16 substandard tables that measure impairments, recreational and vocational hazards.
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