To receive this status, holders are required to be in superior physical condition. It is called Class 2. You see, as medical technology advances and becomes more fine tuned, so will the underwriting. If the companies are ever allowed to underwrite based on DNA, we will probably have 500 categories. By the way, health categories are becoming the biggest problem in giving accurate quotes on the Internet.
Some companies now have eight separate health categories.
The rate books for term were two pages. Today, you need to have an MD degree and a computer to quote someone accurately. This is something viewers need to pay particular attention to when comparing quotes. Companies charge them additional premiums depending on the risk factors involved. Insurance underwriting is not an exact science.