Life Insurance Rates Explored
More On This Topic: Best Financial Advisor By David J. Livingston There are different classifications of life insurance rates for different insurance providers. The number of classifications could be more than or equal to 12. Normally people need to qualify for the Regular classification with most companies which charge a premium on top of the Regular rate. While that is the case with most companies, some do have special classifications. If one qualifies for Regular or above, he will get a good rate, otherwise that person will be provided some substandard rate. To explain the process further, the insurance rates of most companies will start at Regular + 50%. This rating is called Table B or Table 2. The further classifications are Regular + 75% called Table C or Table 3, Regular + 100% called Table D or Table 4. The highest in most cases is Regular + 250% called…