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table rating

What Is A Flat Extra Charge And How Is It Used?

By Ed Hinerman on June 3, 2010

Life insurance rate classes are generally the determining factor in what your premium will be for a given amount of insurance. Plug in your age and the cost per thousand for, say, a standard plus rate class and there it is. While what they are called may vary from company to company, in general the ...read more

Posted in insurance, life insurance, mortality risk | Tagged cancer, flat extra, helicopter pilot, insurance, life insurance, mortality, mortality risk, permanent flat extra, pilot, rate class, rated policy, table rating, temporary flat extra | 2 Responses

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“Thank you so much for the effort you put into securing my husband’s life insurance policy. As a person diagnosed with bi-polar type II, he was treated as nearly impossible to insure by our old insurance agent. Yet, he is fully functioning with this disease and has a flourishing career. You were able to hear our frustrations about the stigma attached to the bi-polar label--that all bi-polar patients are depressive or suicidal-- and teach the insurance company’s underwriter the difference between a functioning bi-polar II adult and a person whose disease is far more of a liability to an insurance company. Thank you for the effort you put into securing my husband’s policy; with your help, we ended up with a policy that costs the same as a healthy, non-smoking, non-bi-polar adult. Moreover, your service as our agent was impeccable. You followed up every step of the way. We can’t wait to tell others--with or without illness-- about your service.”
Kate & Sean


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