This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam real estate exam.

In this episode you will learn:

• Preferred Plus applicants represent elite health and receive the lowest premium rates.

• Standard risk is the actuarial benchmark for average health and life expectancy.

• Substandard risks lead to rated policies which carry higher premiums than standard risks.

• Table ratings typically add twenty-five percent to the standard premium for every level of increased risk.

• Tobacco use acts as a significant multiplier for premiums regardless of other health classifications.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep