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.

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


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