Preferred Financial Group

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"Are There Benefits Of Being Healthy When Purchasing Life Insurance?"


Of course there are benefits of being healthy anytime. But it certainly pays to be healthy when you are shopping for life insurance. When you apply for life insurance you are typically subjected to certain underwriting guidelines that seek to determine the risk of your early death. Essentially, the healthier you are perceived to be the longer you’re expected to live. Conversely, an unhealthy person is likely to die sooner than a healthy person. The life insurance industry typically uses four risk categories when evaluating the risk characteristics of an applicant. They are: Preferred Risk, Standard Risk, Sub-standard Risk and Uninsurable Risk. The comparison below illustrates the premium differential between Preferred Risk and Sub-Standard Risk.


life insurance comparisons 4



Plain and simple, as evidenced by the comparisons above it pays nicely to be healthy when purchasing life insurance.