Substandard Impaired Risk Life Insurance is an industry term used to describe insureds that do not qualify for standard or better rate classes.The Insurance companies all have rate class categories that the insured person is classified in, then they calculate the premiums.  So if you are a preferred or preferred best rate class then your rates will be cheaper than someones who is a standard or substandard rate class. 

When the underwriters come back with a substandard offer, they are saying currently your health does not qualify for standard rates or better due to health issues.  But just because one carrier might say you are a Table 2 or higher does not mean another carrier might offer you better rates. 

This is why it is so important to work with a broker that is specializes in these types of cases.  Finding a good broker that works with a good brokerage agency can help you tremendously in finding an affordable life plan.  It’s not to difficult to find a good agent, use the Internet to start with and type in substandard life agency or broker.  Or try Impaired Risk life insurance also, impaired risk is another industry name used more by the broker and brokerage to identify the type of case.