Life insurance in Canada and Preferred Rates

Most life insurance companies in Canada offer preferred rates.

Preferred rates are given to those individuals who are in excellent health and have a very good family health history. Preferred rates are generally further divided into preferred and super-preferred rates. The latter is given to those individuals who are in exceptional health and have an excellent family health history. Life insurance companies will look at many variables when analyzing whether an applicant qualifies for preferred rates, including smoking/tobacco use, height and weight, blood pressure, cholesterol, driving record, family health history, risky sports and occupations, {including flying}, and past substance abuse.

Below is a more detailed snapshot, comparing how life insurance companies view build, Cholesterol and Blood Pressure in terms of qualifying for standard, preferred or super-preferred rates:

For build
Standard rates would be individuals 6′ tall and under 260
Preferred rates, individuals 6′ and under 225
Super-preferred rates, 6′ tall and under 210 pounds

For Cholesterol\HDL ratio
Standard rates, 250\6.5
Preferred rates 230\5.5
Super-preferred, 210\5.0

For Blood pressure readings
Standard 145\90
Preferred 135\80.
Super-preferred, 125\75

For more details, you can contact us at 1-866-899-4849, or visit our Online Life Insurance Instant Quote Calculator.