12 Questions
The underwriter will analyze the applicant's ______ information.
health, lifestyle, and financial
What does the underwriter do to determine the risk associated with the policy?
Analyze the applicant's health and lifestyle
What does the life insurance policy underwriter do?
Determines the risk associated with the policy, the premium rate, and the terms of the policy
The underwriter will ______ the risk associated with the policy.
determine
What does the life insurance policy underwriter do after analyzing the applicant's health, lifestyle, and financial information?
Talks to the applicant's doctors and employers
What does the underwriter do after making a final decision?
Submit the policy to the insurer
The underwriter will ______ the policy to the insurer for approval.
submit
What does the underwriter do to verify the accuracy of the facts presented?
Collect additional information
What does the life insurance policy underwriter do after making a final decision?
Submits the policy to the insurer for approval
What does the life insurance policy underwriter do after responding to any questions from the insurer?
Finalizes the policy and issues the documents
What does the life insurance policy underwriter do after collecting additional information to verify the accuracy of the facts presented?
Determines the risk associated with the policy, the premium rate, and the terms of the policy
What does the life insurance policy underwriter do after determining the risk associated with the policy, the premium rate, and the terms of the policy?
Recommends policy adjustments in order to manage the risk
Study Notes
- The life insurance policy underwriter will analyze the applicant's health, lifestyle, and financial information in order to determine if the applicant is a good risk for the policy.
- If there are any areas of concern or risk, the underwriter will talk to the applicant's doctors and employers.
- The underwriter will collect additional information to verify the accuracy of the facts presented.
- The underwriter will determine the risk associated with the policy, the premium rate, and the terms of the policy.
- The underwriter will recommend policy adjustments in order to manage the risk.
- The underwriter will thoroughly review the application and make a final decision.
- The underwriter will submit the policy to the insurer for approval.
- The underwriter will respond to any questions from the insurer.
- The underwriter will finalize the policy and issue the documents.
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