Question

How are applicants classified in the numerical rating method?

a.

According to their age

b.

According to their gender

c.

According to certain factors and assigning credit or debit points to each of these attributes or factors, based on underwriting guidelines.

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (c).According to certain factors and assigning credit or debit points to each of these attributes or factors, based on underwriting guidelines. Explanation:In the numerical rating method, applicants are classified according to certain factors and assigning credit or debit points to each of these attributes or factors, based on underwriting guidelines.

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Q. How are applicants classified in the numerical rating method?
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