Q. What factors related to lifestyle and habits can influence an individual's mortality rate in life insurance underwriting?

View solution

Q. What is the purpose of a mortality table in life insurance underwriting?

View solution

Q. What is the definition of morbidity rate?

View solution

Q. What does morbidity rate help insurers predict?

View solution

Q. What is morbidity risk?

View solution

Q. How can an insurance company mitigate morbidity risk for an individual with a high risk of illness?

View solution

Q. How do insurance companies assess the risk associated with an individual?

View solution

Q. What factors do underwriters consider when evaluating an individual's risk?

View solution

Q. What should underwriting decisions be backed with?

View solution

Q. In what circumstances may an individual be declined for insurance coverage?

View solution

Q. What is meant by accepting the risk with loading?

View solution

Q. What factors do underwriters consider when assessing the risk associated with an individual?

View solution

Q. What is the rationale behind requiring underwriting decisions to be backed by supporting documentation?

View solution

Q. What is the reason for declining coverage for an individual with severe medical conditions?

View solution

Q. What is the purpose of postponing life insurance offers for individuals with initial high-risk period?

View solution

Q. How long can the life insurance offer be postponed for individuals with initial high-risk period?

View solution

Q. What does it mean to accept the risk with exclusion in insurance?

View solution

Q. In what situation would exclusions be used in health insurance?

View solution

Q. What happens if an individual with an exclusion clause experiences a recurrence of symptoms directly connected to the excluded risk?

View solution

Q. ___________ is the frequency with which a disease appears in a given group of people on the basis of their age. gender and occupation.

View solution