Question

What is financial underwriting in insurance?

a.

The process of determining the amount of insurance cover that is justified based on the individual's income and needs

b.

The process of assessing the individual's medical conditions for insurance coverage

c.

The process of determining the age of the individual for insurance coverage

d.

The process of determining the location of the individual for insurance coverage

Posted under IC22 Life Insurance Underwriting

Answer: (a).The process of determining the amount of insurance cover that is justified based on the individual's income and needs Explanation:Financial underwriting is the process of determining the amount of insurance cover that is justified for a person with regards to his/her income and his/her needs.

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