Thursday, September 24, 2009

What is Rated Life Insurance?

What does rated mean on life insurance?

A rated policy is a life insurance policy when the applicant is charged a higher-than-standard premium to reflect a unique impairment, occupation, or hobby, such as a history of heart disease or a sky diver.

Some occupations or hobbies which may call for a rated life insurance policy include demolition contractors, blasting contractors, sky scraper window washers, bungee jumping, white water rafting, and motorcycle racing.

The rated life insurance policy charges you more for a higher risk to your life due to the exposure of health issues, or high risk activities.

You can request free, instant term life insurance quotes from over 70 top-rated life insurers offering you savings up to 75%.

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