There are three main factors in this mortality table, and these are
- Use of tobacco
However, recently a specific table was introduced to the preferred class in the United States. The mortality tables will provide the threshold for the rate of insurance. However, the practice of using mortality tables is utilized in juxtaposition with the family and health of the person applying for the policy to known the insurability and premiums. These tables are presently utilized by the life insurance providers/companies in the US and are modified by the providers with the use of pooled industry studies as their point of beginning.
Categories used by the life insurance
- Preferred best. This category is composed of the healthiest persons in the country. Being the healthiest can mean one has no medical history (particularly chronic or adverse illness), does not take any medication, the immediate and extended family of the insurance holder has no medical history of illnesses such as diabetes, cancer and other diseases.
- Preferred. This category includes the insurance policy holder that is presently taking any medication for their medical issue and have genetic history of some diseases.
- Standard. This is the most common category of people applying for life insurance policy. They have medical history, can be taking medication at the moment and have history of medical condition running in their genes.
- Tobacco. This category is given to the individuals who are smokers.
Factors such as the travel history, lifestyle and profession are also a big consideration in determining if the applicant is categorized and if they are suitable to be given they desired insurance policy.
Below are the following life insurance provides offering the best premiums to their clients:
- American International Group Inc.
- Metropolitan Life Insurance
- The Hartford Financial Services Group Inc.
- Northwestern Mutual Life Insurance Company
- Prudential Insurance Company of America
- New York Life Insurance Co.
- AEGON USA Inc./Transamerica
- Lincoln Financial Group
- John Hancock Mutual Life Insurance Co.
- Massachusetts Mutual Life Insurance Co.
You can start your search from these companies offering the best life insurance rates.
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