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Term Life

Life insurance quotes are set in part by your “risk class” which is defined by an insurer’s underwriting guidelines. Your policy amount (face value) and length (term) are the other pricing factors. The better your risk class, the lower your premiums will be.

Underwriters (decision makers at the insurance company) will determine your rates based on your life expectancy and risk factors. They'll look at your income and lifestyle, medical history and overall health, your family's medical history and any hazardous recreational sports or occupations.

Some life insurance companies are more lenient in determining your risk class, and may put you in a more preferred class (meaning lower premiums) than another company would. For example, someone with a history of high blood pressure who is on medication might get a “preferred class” with one life insurance company and a “standard class” with another.

Generally life insurance companies use these classes:

  • Preferred Plus Non Tobacco (sometimes called Preferred Best or Super Preferred)
  • Preferred Non Tobacco
  • Preferred Tobacco
  • Standard Non Tobacco
  • Standard Tobacco
  • Substandard or Table Rated

Term life insurance is usually purchased as 5, 10, 15, 20, 25, or 30 year terms, and death benefits start at a minimum of $10,000, giving you the flexibility of buying exactly the amount of life insurance coverage you need and want for your family. There are many life insurance options to choose from and we are here to help. Please contact us to get your questions answered.

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About Us is part of AMG Insurance Agency Inc., a Texas based Insurance Agency. Steve Dixon is the owner and primary agent and has worked in the health insurance business since 1990. Before starting ...

Steve Dixon
Flower Mound, TX
(972) 355-8132