Question

What is a counter-offer in life insurance underwriting?

a.

An offer made by the insurer to charge a higher premium

b.

An offer made by the client to pay a lower premium

c.

An offer made by the insurer to decline the proposal

d.

An offer made by the client to provide additional information

Answer: (a).An offer made by the insurer to charge a higher premium Explanation:A counter-offer is an offer made by the insurer to charge a higher premium to cover the extra risk that the client brings to the portfolio.

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Q. What is a counter-offer in life insurance underwriting?

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