What Is Rate Class In Life Insurance? 
The rate class of a life insurance policy can also be called the risk class , or health rating . It is the class that you are put in based on your health and other risk factors -LRB- family history , dangerous hobbies , health conditions , weight , and many other things figure in -RRB- . The rate classes go from one step above Preferred to Table 8 , with most Term policies . One table rating usually adds 25 % onto the Standard rate , although this calculation varies among companies . 