Special Risk Life Insurance- Can I get affordable coverage?

What is Special Risk Life Insurance?

Special risk life insurance is a term used in the life insurance industry to describe an individual that may have risk factors that are unique or special and do not coincide with a typical standard risk profile when going thru the screening or underwriting process with an insurance company.

What determines a special risk?

Typically with special risk life insurance applicants, we are talking about factors such as past or current medical history, past or current medications, hospitalizations, age or tobacco use. Medical history such as diabetes, heart disease, multiple sclerosis, liver disease, post cancers are some of the common conditions characterized as special risk.

Any of these pre-existing conditions may warrant an insurance carrier charging extra premium.

There are other things other than the health of the insured that could determine if an insured is a special risk. These can include occupations like a coal miner or fireman.

Activities such as scuba diving, race car driver or rock climbing may also warrant special risk. A person’s driving history or foreign travel to certain parts of the world could also be considered special risk.

There are many  important factors in determining pricing with an insurance company. Examples are: age, medical history, tobacco use and sex of the applicant. Family history is also part of the criteria insurance carriers use in determining final rates.

Are all medical risks special risk?

The short answer for this is no. There has been tremendous strides in the discovery of new medications and treatment options.  Many conditions that just a few years ago would have warranted extra premium or that were considered “special risk” can now be insured as a standard risk or possibly even a preferred rating.

An example of this would be blood pressure control and cholesterol control. With medication and good control these conditions are no longer considered a “special risk” and many times can be considered at a standard or even preferred risk.

Do all insurance companies underwrite the same?Special risk life insurance- can I get affordable coverage?

Again, the short answer is no. The area of underwriting certain risks is what sets some insurance carriers apart from their competitors. Some insurance carriers are much more proficient in underwriting certain risks.

As an example, you may have one particular insurance company that specializes in offering the lowest rates for individuals with diabetes.  You may have another company that specializes in underwriting individuals with heart history, another may do well for people with kidney disease or cancer history.

There are also companies that specialize in offering the most affordable rates on private pilots, scuba divers or race car drivers.

What do table ratings mean with special risk life insurance?

A table rating refers to a classification that an insurance company uses when evaluating a risk. Typically, the table rated classification is used for someone that does not qualify under the preferred or standard risk class assigned by any particular insured. We will discuss this more in detail below.

When a life insurance company reviews an application, they will assign a risk classification based on medical history, occupation, financial history or avocation history.

Nowadays, most insurance companies use the preferred best underwriting class to recognize an individual that is in excellent health. This means an individual satisfies the criteria that the insurance company has established for this risk class. This criteria can be extensive and include: good blood pressure control, normal build, good family history along with normal current lab work and urinalysis.

It is important to remember that each insurance company evaluates medical history, family history, etc. differently. This is why it is important to work with an experienced broker to know which insurance carrier will underwrite your current situation the best.

If an individual does not qualify for a super preferred risk, class they may then qualify for another common risk classes that carriers use such as preferred class , standard plus class or standard class. (Regular) Remember, each insurance company has their own underwriting criteria to qualify for any particular class.

As you may have guessed the lower the risk class the higher the premium that is charged.

Table ratings-

Once an insured is fully underwritten, and it is determined that they do not qualify for one of the above mentioned risk classes, an insurance company may assign a table rating.

Some of the more common pre-existing medical conditions that can reflect a table rating include: diabetes, heart disease or heart attack, cancer history, kidney disease, sleep apnea, multiple sclerosis, stroke, sarcoidosis..

When insurance companies assign a table rating that typically assign a letter of the alphabet such as table rating A, table rating B, table rating C, etc.

With most insurance companies a table rating typically represents a 25% premium rate up above the published standard risk class. For example, if an insured with Barrett’s Esophagus applies for coverage and is approved at a class Table A, they would be offered a policy that includes a 25% increase above the published standard risk class.

Another person with a history of atrial fibrillation may be offered a policy with a Table B rate classification. This person would pay 50% above the standard rate class.

Table ratings from insurance companies typically go as high as table J. This would represent a 250% (25% x 10 tables) premium increase above standard. Typically, anything above a Table J rating would be a declination and would not qualify for coverage.

Heart disease can be one of the areas where table ratings can vary greatly. With so many conditions related to the heart and the cardiovascular system, you will sometimes find great differences from one insurance company to the next. This is why each person must be assessed on their own merits.

What may be a standard rating for one person from company A  may be a table D from another. This is why it is so important to work with an expert agent. Here are just a few the conditions relating to the heart that underwriters review on a daily basis. You can understand why it’s important to only work with these niche companies.

Again, it cannot be stated enough, every life insurance company evaluates each individual differently based on health and lifestyle. One company that may rate an individual Table G for hepatitis while another may rate the same individual a Table C.

This can make a substantial difference in the premium dollars that you pay. You must use a broker that knows how to negotiate with the different insurance companies to get the lowest risk classification.

Do I have to apply to several companies  to find the best rates?

This is where we can help. We have years of experience and knowledge working in the special risk life insurance  marketplace. We are experts at knowing which carriers will offer the lowest rates for term coverage or permanent protection.

Perhaps you are not sure of what health class to enter on our instant quotes due to past or current medical history. It is best to enter regular(standard) for the health class or contact us to discuss your particular situation to find out what health classification you may qualify for.Special risk life insurance

Don’t know what amount of coverage you need for your special risk life insurance policy. You can check out the online coverage calculator here.

For personal or business protection.

You can contact us at 1-888-393-9003 or mike@specialriskterm.com

Listen to Mike’s radio interview discussing special risk life insurance here

For a FREE quote

Call, text, email or fill out our instant quote form:

Call: 678-207-8160
Text: 678-207-8160
Email: mike@specialriskterm.com
Instant quote form: Click here

How can I help?

Mike Raines

I am an independent life insurance agent with over 30 years’ experience. I am an expert in finding coverage for those with past or current medical history such as heart disease, diabetes, post cancer, etc. I also specialize in those that participate in scuba diving, mountain climbing, private pilots, etc. I work with the best life insurance companies in the nation, such as Prudential, AIG, Protective Life, Transamerica to name a few. Each carrier has different opinions on rates and underwriting, and it is my job to match you with the best company. To do that, I need to ask you a few questions about your health and lifestyle to qualify you.

For a FREE quote, call, text or email:

Call: 678-207-8160

Text: 678-207-8160

Email: mike@specialriskterm.com

Mailing Address:
3482 Keith Bridge Road Suite #125
Cumming, GA 30041


I could not be happier working with Mike Raines to get life insurance coverage for myself after having been declined for health reasons by my employer. My wife and I just had a son and it had become more imperative than ever that my family be protected if I were to pass away. The health screening appointment was conducted at my home around my schedule, which was very convenient. It was clear to me that Mike went above and beyond to make sure the underwriter fully understood my situation, going to bat for me so that I would not be declined again. I am a very happy customer.

- Daniel S. from Seaside, CA.

Mike was extremely helpful in locating a life insurance company that would accept a preexisting condition at a reasonable price. He saved time by submitting health records to several companies for a quick preview then following up with the one who offered the most reasonable premium. He knows which companies are most likely to accept certain conditions. Throughout the application process Mike was very quick to respond to e mails and phone calls. We highly recommend Mike if you need life insurance and have a preexisting condition.

- Henry R. from Springfield, TN.

I contacted Mike for advice with life insurance. I had recently left a large firm (where I had life insurance coverage as part of compensation package) to start my own company.  Therefore I needed to self fund my life insurance.  Because of some past health issues I figured I may need to do extra tests to validate my current excellent health status and insurability.  Mike was great to work with, knowledgeable about how underwriters view things, how they will want lots of data from my doctors, and he explained the normal full battery of new tests and data as well as additional or special tests they might want based on my history.  He helped me through the valley to the other side of the life insured promised land for $500K term policy with a duration that meshes well with my retirement date/options and coverage for my family if needed. I highly recommend Mike with Special Risk Term.  He can help you too, so call or email today.

- Richard M. from Ann Arbor, MI

I tried several places before I came across Mike’s website. The insurance at these other places was either very expensive, or the company wouldn’t cover me because of my health history. Mike was able to find me a reasonably priced policy with a major insurer. He did a great job locating a policy that works well for me.

- Jeff from Hermon, ME.

Best rates and best service I have ever received.

- Robert from Kennesaw, GA.

It’s not easy to find life insurance with a chronic condition such as crohn’s disease which is why I greatly appreciated having Mike on my team. Mike is responsive, patient, professional and indefatigable- all things you need when you’re looking for a competitive policy. Knowing my family will be taken care is not only a relief but a huge confidence boost and I’m thankful Mike works in the special risk insurance arena. I would absolutely work with him again. Thank you Mike!

- Bobby from Washington D.C.

Mike and his team did an extra ordinary job of handling my life insurance situation.  I was unable to secure life insurance because I had cancer 17 years ago however Mike and his team navigated through the challenges to get me a 15 year policy at great monthly rates. Thank you Mike for all your work in in this challenging situation.

- Nathan S. from St. Paul, MN.

Mike and his team made the entire process from start to finish very seamless and also overcame the task with us being multiple states apart with ease. With the easy process and very competitive priced insurance for high risk athletes, you have no need to look anywhere else for coverage. Thanks to Mike and his team for all they did and I highly recommend them for your Special Risk Life Insurance needs.

- Tyler C. from Danville, VT.

Thank you very much, Mike, for all your help in this long process. I know it wasn’t easy, but I appreciate you not giving up on my application and helping provide peace of mind to me and my family.

- Craig S. from Savannah, Ga.

Mike did an outstanding job getting me my coverage. He went above and beyond answering all my questions. He always returned my calls immediately even on the weekends!!! I highly recommend him.

- Aileen from Woodstock, GA.
About SpecialRiskTerm.com
About SpecialRiskTerm.com

We work with individuals across the nation to secure the best life insurance rates.

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