Question

What financial factors are evaluated in life insurance underwriting?

a.

Income and expenses

b.

Assets and liabilities

c.

Existing insurance cover

d.

All of the above

Answer: (d).All of the above Explanation:In life insurance underwriting, various financial factors are evaluated, including income and expenses, assets and liabilities, and existing insurance cover. These factors help the underwriter assess the applicant's financial stability and capacity to pay premiums for the policy. The number of dependents may also be considered, as it can affect the applicant's financial situation. The underwriter may use this information to decide whether to approve the application, reject it, or approve it with modified terms.

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Q. What financial factors are evaluated in life insurance underwriting?

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