Underwriting

Preferred

Preferred is an underwriting class just below preferred plus. It is for applicants in very good health, and it carries lower premiums than the standard classes do.

Why it matters

Carriers use their own tests for blood pressure, cholesterol, build, and family history. Moving from standard to preferred can lower the premium noticeably over a long term. Not every carrier uses the same name or number of classes. Compare quotes, and note that tobacco use usually removes preferred eligibility. A small change in one test can move you into or out of the class.

Source: naic.org

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Where we use this term

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