Life Insurance Premium Rate Risk Classifications

Preferred Plus

– The term “Preferred Plus” means the annual premium is based on the Insured being an exceptional mortality risk and a non-user of tobacco and other products that contain nicotine.

Preferred Non-Tobacco

– The term “Preferred Non-Tobacco” means the annual premium is based on the insured being a significantly better than average mortality risk and a non-user of tobacco and other products that contain nicotine.

Standard Plus

– The term “Standard Plus” means the annual premium is based on the Insured being better than average mortality risk and a non-user of tobacco and other products contain nicotine.

Standard Non-Tobacco

– The term “Standard Non-Tobacco” means the annual premium is based on the Insured being an average mortality risk and a non-user of tobacco and other products that contain nicotine.

 

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Preferred Tobacco

– The term “Preferred Tobacco” means the annual premium is based on the insured being a better than average mortality risk and a user of tobacco and other products that contain nicotine.

Standard Tobacco

– The term “Standard Tobacco” means the annual premium is based on the Insured being an average mortality risk and a user of tobacco and other products that contain nicotine.

Special Non-Tobacco

– The term “Special Non-Tobacco” means “Substandard” or “Rated”. This means an extra premium is being charged due to the Insured’s health, occupation or avocation and the Insured is a non-user of tobacco and other products that contain nicotine.

Special Tobacco

– The term “Special Tobacco” means “Substandard” or “Rated”. This means an extra premium is being charged due to the Insured’s health, occupation or avocation and the Insured is a user of tobacco and other products that contain nicotine.

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