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.

• 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