You Can Get Preferred Whole Life Insurance
Getting whole life insurance is one of the best investments you can make for your family for after you are gone and cannot take care of them anymore. Through whole life insurance you can make sure that your family is well taken care of financially so they can focus on the more important things. Insurance companies collect information on their clients and put them into "risk" groups, which then determine what category they will fall in.
Everyone and each company has their own standards and limits individuals but the basics still stand for the insurance. The best place an insurer can find them is in the preferred category, which in turn is least expensive as they are at the lowest risk that they will pass away in the near future. Most important factors that companies look for health, lifestyle, and history to ensure and determine what price range category they will fall under in the insurers.
What companies look for when they are determining an insurer's category is have a list of questions on their application. Questions can range from general health questions, to hobbies, recent and future travels. Through these questions they gather enough information to determine what category whole life insurance they will offer you. In order to be in the preferred category an insurer must be in perfect health, though they have been very lenient on weight due to the percent of people that are considered overweight. The most important thing is that the insurer is a non-smoker, doesn't have any problems with high blood pressure and cholesterol.
The most important thing that the companies favored for the insurer is have to be in perfect health, a non-smoker, doesn't have any problems with high blood pressure and cholesterol though they have been very compassionate on weight owing to the percent of people that are considered overweight. It is important although but not as important as the above condition that the insurer driving record for the past 3 years doesn't have any violations or citations, especially a DUI and must also not work a dangerous job or have risky hobbies such as skydiving or rock climbing. The insurance companies must look the family medical history of the insurer and will search for any family disease, which have appeared in the past in the insurer family that's very important.
Though each insurance company has their own standards, they all go by the same basic rules which determine what category whole life insurance the insurer will receive. The best place to be is in the preferred category as it is the least expensive for the same amount of premium as the rest. Being a non smoker is one of the main factors and any cardio vascular diseases, high blood pressure, or cholesterol are also of top importance.
by: Iftikhar TirmiziAbout the Author:Life Insurance Articles are a handsome contribution from Iftikhar Tirmizi to the Internet users, being Finance Manager for 12 years has given him enough exposure to write on Whole Life Insurance