How to Interpret Life Insurance Table Ratings

How to Interpret Life Insurance Table Ratings

Everyone who applies for life insurance is assessed for coverage. Insurance companies provide coverage and premium rates in accordance with an applicant’s risk level. This means that insurance companies will typically place applicants in categories relative to their risk, which involves their health and lifestyle choices. For example, smoking is considered a health risk and will have an impact on which category an applicant will be assigned. Sometimes a person, due to health issues or…

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