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Insurance CE > Michigan > Life / Health

Life Insurance Underwriting

Overview

Underwriting is a term used by financial service providers, including insurance companies that assess the eligibility of a customer to obtain products. In the case of life insurance underwriting describes a company’s process for reviewing, approving, modifying, and perhaps rejecting a life insurance application. This course provides a comprehensive overview of the life insurance underwriting process, explaining how different risk factors such as age, occupation, and personal habits affect the selection and classification of risks.

Summary Details

Hours

5.0

Price

$16.95

4.75   (3800 Ratings)






Learning Objectives

  • Explain the underwriting factors that affect life insurance premiums
  • Cite the most commonly used risk classifications for life insurance
  • Describe the steps in the underwriting process
  • Explain the medical and non-medical criteria that underwriters use
  • Understand the role of automated underwriting and when the expertise of an actual person is needed
  • Explain the valuable role that field producers play in the underwriting process


Designed For:

Life and health insurance professionals



Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Provider Number: 0484
Study Level: Intermediate
Approved For: Life / Health

Exam

Proctor: Yes
Passing Grade: 70
Questions: 25
Retakes: Unlimited



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