Question

What factors and details are an important part of evaluating the risk profile of an individual?

a.

Existing insurance and family history

b.

Lifestyle and personal and medical history

c.

Occupation and residence

d.

All of the above

Posted under IC22 Life Insurance Underwriting

Answer: (d).All of the above Explanation:Other factors and details such as the family history, lifestyle, personal and medical history, occupation, residence, moral hazard, etc. are also an important part of evaluating the risk profile of an individual. Existing insurance (including life insurance with all insurance companies) and also the one the individual has applied concurrently are also important parts of the risk-selection process.

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Q. What factors and details are an important part of evaluating the risk profile of an individual?
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