What Is Rate Class In Life Insurance? 
Life insurance underwrites the health of the policy insured via various medical tests and the collection of attending physician statements . Those tests result in an underwriting score based on the debits and credits of an underwriting balance sheet . The parsing of classifications can be very specific like nonsmoking Super Preferred , Preferred Plus , Preferred , Standard Plus , Standard , Preferred Smoker , Standard Smoker , Tobacco user -LRB- pipes , chew , cigars , and snuff -RRB- . Then there are 16 substandard tables that measure impairments , recreational and vocational hazards . 