Risk Class

Why it matters

Risk classes are built from health, age, sex, tobacco use, and sometimes occupation. They are the basis for fair pricing across the pool. Different carriers set different classes. Final expense plans may use simple groups such as level, graded, or modified. Ask which class you fall into when you compare quotes, and note that the names vary by carrier.

Source: naic.org

Where we use this term

• Can you still get life insurance over 70? Options that still work