 |
|||||||
|
|
 |
Health Rate Classes Defined for Life Insurance Which Health Class do you qualify for? We have included a schedule below regarding rate classes. This will give you a rough idea as to what "Rate Class" you might qualify for. You are not guaranteed to qualify; qualification will depend on the individual insurance company. Click on the Image view full size image of the rate class diagram!  In the past, underwriting was based on three main factors: age, gender, and tobacco use. With the introduction of preferred underwriting, additional factors that influence a person's health are now considered in order to develop more specific rate classes. Generally there are 3 rate classes to provide tailored coverage to more accurately match your individual profile. Criteria used to determine your coverage class will include: • Tobacco Use • Build • Blood Pressure • Cholesterol Level • Medical History • Family History • Alcohol Use • Drug Use • Driving Record • Criminal Record Preferred underwriting is available to individuals between the ages of 15 and 70 for most companies. A minimum coverage amount of $100,000 is required. Below is a summary of the 3 coverage classes available through most life insurance companies: 1. Preferred Plus, Non-Smoker - Targeted to non-smoking clients with a very healthy lifestyle and excellent medical results. 2. Preferred, Non-Smoker - Targeted to non-smoking clients with a healthy lifestyle and very good medical results. 3. Standard, Non-Smoker - Targeted to non-smoking clients with a good lifestyle and medical results. * This information is for illustrative purposes only. Eligibility for specific rate classes is determined by, but not limited to, the results of the life insurance companies underwriting process and the Term Prequalification Questionnaire from the individual life insurance company. Other criteria may also be considered.  Please
call our live Chartered Life Underwriter today to figure
out which rate class you qualify for. Toll Free at: 1-877-628-5762 |
Legal Disclaimer |
Site Map
Copyright (c) 2007. GetCoverd.ca. All rights reserved.
Copyright (c) 2007. GetCoverd.ca. All rights reserved.
The information contacted herein is for Canadian residents only
and does not constitute an offer to sell or a solicitation
in any jurisdiction, in which manulife securities or its advisors are not appropriately licenced or registered or
where any product or service is not eligible for sale. details are available on request.
This website is not meant to provide legal or account advice. As each situation is different you should consult your own
professional advisor for advice based on your specific circumstances.
Manulife Securities and the block design are registered service marks and trade marks of
The Manufacturers Life Insurance Company and are used by its affiliates including Manulife Securities Incorporated.
Manulife Securities incorporated is a member cipf.
in any jurisdiction, in which manulife securities or its advisors are not appropriately licenced or registered or
where any product or service is not eligible for sale. details are available on request.
This website is not meant to provide legal or account advice. As each situation is different you should consult your own
professional advisor for advice based on your specific circumstances.
Manulife Securities and the block design are registered service marks and trade marks of
The Manufacturers Life Insurance Company and are used by its affiliates including Manulife Securities Incorporated.
Manulife Securities incorporated is a member cipf.