What is the life underwriter most concerned with?
The goal of underwriting in life insurance is to understand your overall life expectancy. If you lead a healthy lifestyle, this can mean more life insurance options and better premiums, or rates.
What is the most important factor in underwriting?
The underwriter assesses income, liabilities (debt), savings, credit history, credit score, and more depending on an individual's financial circumstances.
What are the key factors in underwriting life insurance?
All of these are considered key factors in underwriting life insurance EXCEPT to ensure an applicant's medical information is accurate and complete A field underwriter's main task is Disclosure authorization response All of these are typically sources of underwriting information for life or health insurance EXCEPT Preferred
What does an insurance underwriter do?
An insurance underwriter analyzes and assesses the risks in providing insurance to individuals and companies, and establishes the pricing of the insurance premium.
What do you learn in Life Underwriting chapter exam?
Life Underwriting Chapter Exam STUDY Flashcards Learn Write Spell Test PLAY Match Gravity Created by eric_svendson Terms in this set (45) What happens when an insurance policy is backdated? The policy's effective date is earlier than the present Statements made by an insurance applicant on an application are considered to be Representations