Question

How are favourable attributes and unfavourable attributes treated in the underwriting process?

a.

Favourable attributes earn credit ratings while unfavourable attributes earn debit ratings

b.

Favourable attributes earn debit ratings while unfavourable attributes earn credit ratings

c.

Favourable attributes earn points which are added to the base rating while unfavourable attributes earn points which are deducted from the base rating

d.

Favourable attributes and unfavourable attributes are treated the same in the underwriting process

Posted under IC22 Life Insurance Underwriting

Answer: (a).Favourable attributes earn credit ratings while unfavourable attributes earn debit ratings Explanation:Favourable attributes earn credit ratings while unfavourable attributes earn debit ratings in the underwriting process.

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Q. How are favourable attributes and unfavourable attributes treated in the underwriting process?
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