How to Determine Your Life Insurance Health Class Rating [6 top tips]

Finding the Life Companies for Your Health Class

If you have any sort of risk factor – your health class will be adjusted accordingly.  In other words, higher health classes = higher rates!

This doesn’t mean that your risk factor will be adjusted the same from company to company.  Finding the right company for your particular risk factor is where your independent agent should shine.

You’re paying too much – Example

Let’s focus on a basic risk factor like Tobacco use. Seems pretty simple and direct, right? Not really.

When I speak to a client for the first time and they inform me that they are a tobacco user I begin to ask the following questions:

  • What type of tobacco have you used?  Cigarettes, Cigars, Pipes, eCigarettes, Chewing Tobacco, Nicotine gum?
  • Frequency of tobacco use?
  • If you quit, how long ago?

These answers can greatly influence which company will be best for you.

Let’s say you are a cigar smoker.  

You may end up paying significantly more than you need to if your agent doesn’t have a large pool of companies to shop from. Why?

There are companies out there that will rate you the same as a heavy cigarette smoker even if you smoke a few cigars a month. This means your premiums will be higher.

However, there are also companies that allow you to smoke cigars occasionally and provide you with Non-Smoker rates.  

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