Preferred Plus Life Insurance Rates
You’re in great shape! You exercise daily, have great blood pressure readings, cholesterol is good, no family history of cardiac problems or cancer history….everything looks perfect….except for one little thing.
You’re not tall enough for Preferred Plus Life Insurance Rates…Say What?
If you were 1 inch taller, you would have received the preferred plus life insurance rate….but you missed it. The result being that you still qualified for life insurance, but it’s at the more expensive “preferred” rate class…and that rate will now cost you 15-20% more for the same exact life insurance policy.
Over the course of a 20 year term life insurance policy, that may cost you thousands of dollars! What’s wrong with this picture?
You would think that someone in perfect health would be given an exception to the preferred plus rate, but that is almost never the case. Life insurance companies protect their preferred plus life insurance rates, preventing you from this rate. As a consumer, it feels like bait and switch.
Recognizing the absurdity of this, one life insurance company decided to take a practical approach to underwriting. They decided to change their thinking.
If you meet the underwriting requirements for the preferred plus life insurance rates, for everything except the build cutoffs, they will let you add 1″ to your height…If you now meet the cutoffs based on your new found height, you’re in!
Here’s an example:
Male – meets all requirements for preferred plus life insurance rates, and is 6′-0″ tall, and weighs 208 pounds. The weight cutoff for preferred plus rates is 207 pounds….This man would end up with the more expensive preferred rates…But what if he was 6′-1″ tall? The weight cutoff for 6′-1″ is 213 pounds. This person would now get the “preferred plus life insurance rate”.
Female – Same scenario, height is 5′-7″, weighs 156 pounds….She would also end up with a preferred rate…but what if she was 5′-8″ tall? Well, that cutoff is 160 pounds…she would now get the preferred plus rates.
With our service, we match you to the best companies based on your individual health information. We give you accurate quotes upfront so that you don’t waste 6-8 weeks of underwriting time only to find out you are not getting the preferred best life insurance rates. Let us help you get your best possible life insurance rate today.