RATED OR RATE CLASS

Rated or Rate Class: The life insurance underwriting process involves assessing each insured person and placing them into a specific class based on factors like their health, occupation, and lifestyle choices. These classes correspond to different costs of insurance. Individuals who receive above-average ratings are usually classified as "preferred" and tend to enjoy lower premiums compared to those considered "standard" or "sub-standard" risks. It's important to note that individuals who are deemed "non-insurable" cannot be issued an individual life insurance policy.

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