Dictionary of Business Terms: rated policy
rated policy
statement in which a life insurance applicant is charged a higher-than-standard premium to reflect a unique impairment, occupation, or hobby, such as a history of heart disease, a circus performer, or a sky diver.
Dictionary of Insurance Terms: rated policy
rated policy
statement in which a life insurance applicant is charged a higher-than-standard premium to reflect a unique impairment, occupation, or hobby, such as a history of heart disease or a circus performer or sky diver.
