Keyman Insurance Underwriting Guide

Our keyman insurance underwriting guide can provide the criteria insurance companies use to determine your health class. Because each company has their own specific underwriting guidelines, the choice of insurance policies will be affected by the way each respective company evaluates your health. This guide will help your from a medical standpoint. You should also consider the article, “Financially Underwriting Keyperson Insurance”.

Determining your health class

This chart will help you identify which rate class you may obtain based on your specific health information. This is a general guide only. Each company has its own underwriting guidelines. Please call MEG toll free at 1(877) 583-3955 and we will help you identify which rate class and insurance company best suites you.

Height and Weight Chart (Male and Female)

IMPORTANT: Tobacco and nicotine users Please Click here

Category
Preferred Best Non-Smoker
Preferred Non- Smoker
Standard Plus Non-Smoker
Standard Non-Smoker
Physical / Mental Impairments and Medical History NO history of heart, stroke, diabetes, cancer, respiratory, circulatory, anxiety, depression, sleep apnea, or any other internal problems. NO history of heart, stroke, diabetes, cancer, respiratory, circulatory, anxiety, depression, sleep apnea, or any other internal problems. Some minor history of heart, stroke, diabetes, cancer, respiratory, circulatory, anxiety, depression, sleep apnea, or any other internal problems. Some minor history of heart, stroke, diabetes, cancer, respiratory, circulatory, anxiety, depression, sleep apnea, or any other internal problems.
Use of Tobacco or Nicotine Products No use within last 60 months. No use within last 36 months. No use within last 12 months. No use within last 12 months.
Blood Pressure 140/80 or less. No current treatment. Prior treatment OK, if 2+ years Current or past treatment OK. 145/90 Current or past treatment OK. 152/90 Current or past treatment OK. 156/92
Cholesterols Readings and Ratio May not exceed 220 or ratio of 5.0, with or without treatment. May not exceed 250 or ratio of 6.0, with or without treatment May not exceed 280 or ratio of 7.0, with or without treatment May not exceed 300 or ratio of 8.0, with or without treatment
Cancer Only some skin cancers Only some skin cancers Depends on type and date of onset Depends on type and date of onset.
Family Medical History No cardiovascular disease or cancer in either parent or siblings before age 60 No cardiovascular or cancer death in either parent. No cardiovascular or cancer death in both parents No cardiovascular death in both parents.
Aviation Commercial airline pilots accepted. Private pilots with exclusion. Commercial airline pilots accepted. Private pilots with exclusion. Commercial airline pilots accepted. Private pilots with exclusion or flat extra. Commercial airline pilots accepted. Private pilots with exclusion or flat extra.
Hazardous Activities (Sky Diving, Hang Gliding, Rock Climbing, Scuba Diving, ect) Available if no flat extra involved. May include flat extra. May include flat extra. May include flat extra
Personal Driving History No more than 2 moving violations in last 3 years and No DWI, DUI, reckless driving, or suspension in last 5 years. No more than 2 moving violations in last 3 years and No DWI, DUI, reckless driving, or suspension in last 5 years. No more than 3 moving violations in last 3 years and No DWI,DUI, reckless driving, or suspension in last 3 years. No more than 3 moving violations in last 3 years and No DWI, DUI, reckless driving, or suspension in last 3 years.
Substance or Alcohol Abuse No abuse. No abuse. No abuse in last 10 years. No abuse in last 7 years.
Residency/Citizenship US citizen, resident for 3 years, must hold permanent Visa or Green Card. US citizen, resident for 3 years, must hold permanent Visa or Green Card. US citizen, resident for 2 years, must hold permanent Visa or Green Card. US citizen, resident for 2 years, must hold permanent Visa or Green Card.

Height and Weight Chart (Male and Female)

The requirements for height and weight will vary among insurance companies. The chart below should be considered the maximum allowed. If your build exceeds these ranges, please call MEG TOLL FREE 1-877-583-3955 for a personalized quote.

Height
Best Class/ Preferred Plus
Preferred
Standard Plus
Standard
5′ 0″
144
158
166
172
5′ 1″
148
163
172
178
5′ 2″
153
168
175
183
5′ 3″
158
174
182
190
5′ 4″
163
179
188
195
5′ 5″
168
185
194
202
5′ 6″
174
191
200
208
5′ 7″
179
197
206
215
5′ 8″
185
203
212
221
5′ 9″
190
209
219
228
5′ 10″
196
215
226
234
5′ 11″
201
221
231
241
6′ 0″
207
228
240
249
6′ 1″
213
234
245
255
6′ 2″
219
241
253
263
6′ 3″
225
247
259
269
6′ 4″
230
253
265
276
6′ 5″
237
260
272
283
6′ 6″
243
267
280
291
6′ 7″
249
274
287
299

 

Tobacco or Nicotine Use

All smokers and alternative tobacco users will pay more for life insurance due to the increased risk associated with tobacco use. Additionally, most insurers require that former tobacco users be “tobacco free” for at least 12 months (maybe longer) to qualify for preferred non-tobacco rates. However, there are opportunities for alternate tobacco users to obtain non tobacco rates depending on the type and frequency of usage. Occasional cigar users may even qualify for preferred plus nonsmoker rates depending on the circumstances. Please call MEG toll free at 1-877-583-3955 for details.

Determining your Health Class for Tobacco and Nicotine Users

This chart will help you identify which rate class you may obtain, based on your specific health information. This is a general guide. Some alternate tobacco users (cigars, pipe, chewing tobacco, snuff) may qualify for non-tobacco rates. If you are a user of tobacco products other than cigarettes see, opportunities for alternate tobacco users. Please call MEG TOLL FREE at 1-877-583-3955 to see if you qualify.

Height and Weight Chart (Male and Female)

Category
Preferred Smoker
Standard Smoker
Physical / Mental Impairments and Medical History NO ratable history of heart, stroke, diabetes, cancer, respiratory, circulatory, anxiety, depression, sleep apnea, or any other internal problems. NO ratable history of heart, stroke, diabetes, cancer, respiratory, circulatory, anxiety, depression, sleep apnea, or any other internal problems.
Blood Pressure Current or past treatment OK. 152/90 Current or past treatment OK. 156/92
Cholesterols Readings and Ratio May not exceed 300 or ratio of 7.0, with or without treatment May not exceed ratio of 8.0, with or without treatment
Cancer Only some skin cancers Depends on type and date of onset.
Family Medical History No cardiovascular or cancer death in either parent. No cardiovascular death in both parents.
Aviation Commercial airline pilots accepted. Private pilots with exclusion or flat extra. Commercial airline pilots accepted. Private pilots with exclusion or flat extra.
Hazardous Activities (i.e. Sky diving, Hang gliding, Rock climbing, Scuba diving etc) May include flat extra. May include flat extra
Personal Driving History
No more than 2 moving violations in last 3 years and No DWI, DUI, reckless driving, or suspension in last 5 years. No more than 3 moving violations in last 3 years and No DWI, DUI, reckless driving, or suspension in last 3 years.
Substance or Alcohol Abuse No abuse. No abuse in last 7 years.
Residency/Citizenship US citizen, resident for 3 years, must hold permanent Visa or Green Card. US citizen, resident for 2 years, must hold permanent Visa or Green Card.

 

Opportunities for Alternate Tobacco Users

Some non-cigarette tobacco users (cigars, pipes, chewing tobacco, snuff, nicotine patches, etc.) may qualify for non tobacco rates depending on certain conditions. There are several life insurance companies that offer alternate tobacco users this special underwriting concession. You may be able to save as much as 50% off normal smoker rates. Please call MEG toll free at 1(877) 583-3955 to determine if you can qualify for one of these low non tobacco rate opportunities.

Common Health Impairments

The table below provides general guidelines for some of the most common health impairments and how each impairment relates to your underwriting class. Your underwriting class will be based on your current health, medical history, and additional underwriting information. Depending on the nature, severity, and treatment of your impairment, higher rates may apply. Underwriting requirements vary by company. If you have any questions or if you have an impairment not listed in the table, please call MEG TOLL FREE at 1-877-583-3955 for additional information.

Medical History
Best Class
Preferred
Standard
Alcohol / Drug Abuse Dependency History
Arthritis (rheumatoid)
Asthma (requiring treatment within past 2 years)
Bronchitis (chronic)
Cancer (except certain basal cell skin types)
Cardiovascular / Heart Disease
Chronic Obstructive Pulmonary Disease
Crohn’s Disease
Depression (requiring treatment within past 2 years)
Diabetes (non-insulin dependent)
Diabetes (insulin dependent)
Emphysema
Epilepsy (seizures within past 5 years)
Gastric / Peptic Ulcers (requiring treatment within past 2 years)
Hyperlipidemia (treatment for elevated cholesterol/lipids)
Hypertension (High Blood Pressure)
Kidney / Liver Disease (chronic)
Melanoma
Mental Illness
Multiple Sclerosis
Stroke (including TIA)
Ulcerative Colitis
Vascular Disease

Higher table class rates usually apply

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