What Are Preferred Rates?

Preferred rates are a reward to life insurance policyholders for demonstrating good health and a safe lifestyle — through lower premiums.

When you apply for a life insurance policy, the insurance carrier first looks at your health and your lifestyle. And if you qualify for their requirements, they will allow you to purchase a policy.

From there, they will set your insurance rates. And the 2 types of life insurance rates are:

• Standard rates. Regular rates that most have for their life policy.
• Preferred rates. Lower discounted rates.

And to get lower preferred rates you'll have to prove to the insurance company that you are in good health.

Do I Need To Take A Physical Exam?

To check your health, many life insurance policies will require you to take a physical exam. Here are a few tips to get the best results — before your exam…

• Don’t eat anything 12 hours before your exam. Because it might make your cholesterol level higher than it really is.
• No caffeine 2 days before your exam. Just one cup of coffee can your raise your blood pressure.
• Don’t smoke for at least 3 hours before the exam.
• Try not to drink any alcohol for 2 days prior to your exam.

And to have a better chance of finding preferred rates, our licensed professionals are ready with expert advice. They can help you to qualify for a life policy, help you find lower rates, and show you different life policies to compare.

Request your free quotes for advice and to see your options in just minutes.