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One of the ways that companies increase your Mortgage Protection Premiums is by a method called table rating. Table rating Mortgage Protection Premiums involves assigning a certain table letter or number to the policy premium. This letter or number represents the additional percentage of premium that the policy will be charged.
The percentages can start as low as 25% and be as high as 150%. If your Mortgage Protection Premiums are given a table rating of A, that probably means that you must pay an additional 25% of your premium each premium anniversary date. If your premiums are $400 annually, then that means you will pay an extra $100 per year for a total of $500. If your Mortgage Protection Premiums are given a table rating of F, then you can expect to pay an extra 150% of your premium each premium anniversary. On a $400 annual premium, that means you'll pay an additional $600 a year for a total of $1,000.