Table C | Table 3 High Risk Life Insurance Explained
A “Table C” or “Table 3” risk classification for life insurance is generally equal to the “standard” rating plus an additional 75% premium. As an example, if the standard rates were $1,000 per year, the Table C or Table 3 rates would be approximately $1,750. Some insurance companies use different rating systems than others, but this is generally the industry standard.
If you have already applied for life insurance and been offered a Table C rating on your life insurance application, it is likely due to the one of the following:
1. Elevated weight relative to height
2. Abnormal blood pressure readings
3. Abnormal cholesterol readings
4. Abnormal lab results, including A1C readings or liver function tests
5. Abnormal EKG reading
6. Diabetes under control, combined with other risk factors
7. History of cancer, but fully recovered
8. History of heart issues or heart disease
9. Sleep apnea, including use of a CPAP or Bi-PAP machine
10. Other disease or disorder
All life insurance companies different underwriting rules, so even though you may have been offered a Table 3 rating by one company, you might be able to get a better rate with a different company.
You may be thinking at this point that it would be a good idea to just apply for another policy with another company and hope the results are better next time…this is NOT what you should do! The more companies that give you a table rating on a formal application, the less likely you are to get a better offer!
You need the help of an independent life insurance agent that can shop your medical profile informally (no personal information is revealed to the insurance carriers, just a general profile). That’s where we come in – we specialize in high risk life insurance and make sure you are getting the best possible offer. This is how it works:
2. We submit a general profile to 10-15 of the most competitive, highly rated life insurance companies with the lowest rates in the industry
3. We review each of the offers and send you a spreadsheet with the lowest rates from the company or companies that made the best offer
4. You apply for the policy of your choice. We walk you through all of the paperwork, follow up on the medical underwriting, and get the finalized offer.
5. The policy is prepared and mailed with a return envelope, just sign where indicated and return with the premium. You’re done!
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