filling out life insurance forms, what do they mean by current status of condition?

Question

Are they looking for good, fair, poor or something else.

Answer 1

I guess if it ain't good they maybe looking for something like terminal. That kinda fancy language. :)

Answer 2

“Current Status of Condition” usually means that the insurance company underwriters want to know the status of a current condition/recent illness you have or have had. It could also refer to your current health status. In both cases, the insurer will want to know your current health status (well, still suffering) and how you are managing your health (medications, et al).

As you probably know, this information is used to help gauge the risk of insuring you. While you’ll pay more for life insurance if you do have a current health problem, it is far worse to not tell the truth. An insurer can cancel the policy at any time if the truth has not been told and at most refund premium payments. Also, be careful with life insurance policies that do not require a medical examination. They tend to be more expensive or offer comparatively lower benefits.

Check out MostChoice.com if you’d like to compare the life insurance policy you’re applying for with other locally available plans. You can also talk to multiple local insurance agents without any obligation.

You can find MostChoice here:
http://www.mostchoice.com/life-insurance.cfm

Hope this helps,
Barnes@MostChoice

Answer 3

As many others have said, they are looking to find out your overall health. Sometimes life insurers will classify these as Preferred Plus, Preferred, Standard and substandard rate classes.

Although the qualifications for preferred rates vary between companies, generally you must be in excellent overall health. There can be no participation in any hazardous activities and there must be no history of drug or alcohol abuse. Preferred-plus criteria is even more stringent. You cannot use tobacco in any form. You must have no history of drug or alcohol abuse, and you cannot engage in any hazardous activities. According to actuarial tables, these are the people who are likely to live the longest. Each company may have a different name for them but these rates represent the lowest available premiums.

However, you need to understand that when comparing policies, even if you're in excellent health, there is a good chance you won't qualify for these best rates. In fact, only 5% - 40% of all applicants get this "super-preferred" rate. Typically, about 60% can qualify for the regular "preferred" rate. The rest fall into the "standard" category, or worse. The specific criteria for these rates differ widely among the various insurance companies, and it is not uncommon for an individual to be classified as "standard" at one company and "preferred" at another.

"Standard" risks refer to persons who have had some minor health impairments in their lifetime. Examples of standard risks would include persons who have cholesterol levels of over 260, or who are 50 pounds overweight.

"Substandard" risks refer to persons who are having more than minor health problems. Companies charge them additional premiums depending on the risk factors involved.

Answer 4

Your current status of health. Do you have cancer or anything. Do you have use of your legs. That type of thing.
I believe writing. "I am currently in good conditon" or "I'm in condition related to that of a 20 year old mile runner"...something like that...i dunno...

Answer 5

If it's about your state of health, where does it hurt, does it burn,stuff like that. Are you sick now, have you been sick long or often?
If it's about your Boo-boo then things like, swelling, bleeding, spreading, cold, hot, things like that.

Answer 6

in other words what shape are you in now