What Is High Risk Life Insurance? 
People who participate in high risk activities or have impaired health conditions often are charged much higher premiums for life insurance , whether they are applying for term or permanent coverage . The price that you pay is determined by your age , the requested amount of coverage , and risk classification . If the carrier offers a substandard/table-rating for the coverage , the premiums will usually be based off of the standard risk class with an extra 25 % increase for each extra letter assigned -LRB- the 25 % figure can vary by carrier - e.g. some may use 17 % , etc. -RRB- . For example , a Table B rating would cost the standard rate plus 50 % -LRB- B = 2 tables -RRB- , a Table D rating would cost double the standard rate -LRB- D = 4 tables -RRB- , etc. . Insurance companies may also look at assigning a flat extra rating with a specified cost per thousand dollars of insurance -LRB- such as $ 5.00 per $ 1,000 of coverage -RRB- . Flat extras may be applied for only a few years , or for the life of the policy and are more commonly assigned for high-risk activities . Table-ratings are more commonly given for high-risk health conditions . I often also see many people just apply for a bunch of companies at the same time because they 're a high-risk individual . DO NOT do this ! . Applying for coverage with more than one company at the same time could hurt your chances of securing a policy . It is in your best interest to find out before applying what the most likely offer will be from 10-15 different companies so that you know what to expect and know that you are getting the best possible offer . I highly recommend working with an independent agent who can look at multiple companies for you - trying to get that information can be very difficult to do on your own . This is the exact field my group specializes in and would be happy to be of assistance with your program . 