Question

What factors are assessed during the risk assessment phase in the numerical rating method?

a.

Personal factors

b.

Environmental factors

c.

Hereditary factors

d.

All of the above

Posted under IC22 Life Insurance Underwriting

Answer: (d).All of the above Explanation:The risk assessment phase in the numerical rating method involves the assessment of personal factors (physical build, medical history, habits, and hobbies), environmental factors (occupation, place of residence), and hereditary factors (family medical history).

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Q. What factors are assessed during the risk assessment phase in the numerical rating method?
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