Family History

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Risk Issue:
Our analysis indicates that insurance companies may consider eleven different categories of family history. The most conservative insurance companies look at any family history before age 60 of parents or siblings of heart disease or cancer. These companies will not offer Preferred or Preferred Best, their two lowest premiums classifications, if any family history is evident. In the worst case, certain companies consider any family history of cardiovascular disease, internal cancer, melanoma, and/or diabetes as a bar to offering their lowest premiums.

Fortunately, some companies are more liberal in their interpretations. They increase premiums only when there has been a death of a family member before a certain age, e.g., 60. In a minority of companies, there is no consideration of family history or deaths or only if two or more family members have died. The range of standards for classifying premium offers an opportunity to shop for companies offering the lowest options.

Best Class:
Could be Preferred or Preferred Best, the lowest premium classifications, depending on the company.

Solution: Eliminate companies that would increase premium if any family history is evident.

Action:
Complete the Personalized Quote to find the companies with the lowest premiums for your family history.

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