Insurance Veterans Are Retiring and Taking Their Wisdom With Them

What Is a Rated Life Insurance Premium?

During the underwriting process, an insurance company will determine whether or not you qualify for life insurance and, if so, at what rate classification. At this point, the company may determine that the applied for coverage cannot be issued due to an applicant’s health or lifestyle risks. If that’s the case, the company is likely to offer the applicant insurance on a modified (i.e., rated) basis.

how to find misleading information in a life insurance policy

How to Find Misleading Information In a Life Insurance Policy

The National Association of Insurance Commissioners adopted the model regulation, which is a new regulation aimed at protecting consumer and fostering consumer education. Under this regulation, new standardized procedures for policy illustrations were created to help ensure that all illustrations are not providing misleading information.