Underwriting of life insurance is the process used by insurance
carriers to analyze the risk presented by an applicant for coverage and
determine if the person should be accepted for coverage, how much insurance to
insure the person for, and at what premium.
There are factors considered when
underwriting life insurance, including the applicant's age, gender,
health, occupation, hobbies, lifestyle, tobacco use, driving record, among other things.
These risk factors help the life insurance company assess the overall risk presented by the applicant, and life expectancy of the
applicant. Learn more about
what is life insurance underwriting and how does it work?
