Question

What may happen if an applicant has high-risk hobbies or habits in life insurance underwriting?

a.

The proposal may be accepted without further assessment

b.

The proposal may be accepted by charging a higher premium to cover the additional risk

c.

The proposal will be declined without further assessment

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (b).The proposal may be accepted by charging a higher premium to cover the additional risk Explanation:When an applicant has high-risk hobbies or habits, the proposal may still be accepted, but the insurance company may charge a higher premium to cover the additional risk.

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Q. What may happen if an applicant has high-risk hobbies or habits in life insurance underwriting?
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