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rated life insurance policy

What Does a Rated Life Insurance Policy Mean?

Pensive stylish businessman is making important task

By Byron Udell | April 24, 2017

As we all know, insurance companies are in the risk assessment business. But not all risks are the same. Especially when it comes to life insurance. So insurance carriers quantify risk levels with a simple rating system. Life insurance rates classes Most life insurance carriers have four rate classes. Typically, the four primary rate categories…

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