Life Insurance Rates

[Baird]

How do insurance companies classify individuals for rate purposes?

[TrunkMonkey]

Age
Risk Class: Standard, Preferred, Preferred Plus
Smoker Status: Smoker vs. Non smoker
Policy Face Amount: higher face amount, usually over 1 million is cheaper

[mmbugs]

What criteria is added when a person is higher risk? For example I had cancer.

[mmbugs]

Another Question

What criteria is added when a person is higher risk? For example I had cancer.