Life Insurance Health Ratings 2024
If you’re looking for a quick and easy to read guide that explains how term, universal and whole life insurance health ratings work then you have come to the right place.
Life Insurance Health Rating Classes
| Ranking | Health Rating Class |
|---|---|
| #1 | Preferred Plus |
| #2 | Preferred |
| #3 | Standard Plus |
| #4 | Standard |
| #5 | Table A or 1 |
| #6 | Table B or 2 |
| #7 | Table C or 3 |
| #8 | Table D or 4 |
| #9 | Table E or 5 |
| #10 | Table F or 6 |
| #11 | Table G or 7 |
| #12 | Table H or 8 |
| #13 | Table I or 9 |
| #14 | Table J or 10 |
| #15 | Table K or 11 |
| #16 | Table L or 12 |
As seen in the table above, preferred plus (PP) is the number one health rating class. However, not every life insurance company uses PP to define their best rating category. Below, are other common names for the preferred plus life insurance rating class:
- Elite
- Elite Preferred
- Preferred Best
- Premier
- Select Preferred
- Super Preferred
- Ultra Preferred
Life Insurance Preferred vs Preferred Plus
As seen in the above table, preferred plus is the number one health rating class while preferred is the second best health rating class offered by life insurance companies. Underwriting will look at health and lifestyle factors such as height & weight, medical history, medications being taken, family history, driving history, avocations and lab results (if needed) to determine the health class.
Preferred Plus vs Preferred Life Insurance Rates
| Age | Preferred Plus | Preferred |
|---|---|---|
| 30 | $18.81 | $23.81 |
| 40 | $28.42 | $35.22 |
| 50 | $69.46 | $83.13 |
| 60 | $200.70 | $225.07 |
*Monthly rates for the table are for a $500,000 20 year term policy for a male D.O.B. 6/15 for the preferred plus and the preferred rate class. Rates are from A+ rated companies.
*Rates as of 2024
For more information on preferred vs preferred Plus life insurance please take a look at these articles.
Preferred vs Standard Life Insurance Rates
The price difference between standard and preferred life insurance rates can be significant depending on age, coverage amount and term. Since preferred life insurance rates are reserved for insureds that are in very good health and are a low risk to the insurance company they will have a lower premium.
Preferred rates are also for those with an above average life expectancy based on actuarial tables. Standard life insurance rates are for those with an average life insurance expectancy based on underwriting factors such as health history, medications and build.
| Age | Preferred | Standard |
|---|---|---|
| 30 | $23.81 | $34.55 |
| 40 | $35.22 | $54.83 |
| 50 | $83.15 | $128.42 |
| 60 | $225.07 | $358.99 |
*Monthly rates for the table are for a $500,000 20 year term policy for a male D.O.B. 6/15 for the preferred and the standard rate class. Rates are from A+ rated companies.
*Rates as of 2024
For more information on standard vs standard plus life insurance please take a look at our in-depth articles.
FAQ
What is the highest health rating in life insurance?
The highest health rating in life insurance is preferred plus. Preferred plus also goes by: ultra preferred, super preferred, select preferred, preferred best, premier and elite preferred depending on the insurance company.
How to know what life insurance health rating to use?
The best way to know which health rating to use is to speak to an experienced agent or broker that will ask several questions to help determine your health class and shop for the best carrier based on your health and lifestyle. For those that would like to get a quote online first before speaking to an agent, you can use our DIY rate quoter and health analyzer.
What is the best way to get the most favorable life insurance health rating class?
The best way to get the most favorable life insurance health rating class you are eligible for is to shop around yourself or use a broker. Each life insurance has their own underwriting guidelines and height and weight charts so by comparing insurers you put yourself in the best position to get the most favorable health rating class you qualify for and thus saving you the most money.
