Question

Why should every proposal for insurance be financially underwritten?

a.

To ensure that the amount of insurance applied for will adequately compensate the beneficiary in the event of an untimely loss

b.

To ensure that the individual's medical conditions are disclosed for insurance coverage

c.

To ensure that the individual's age is disclosed for insurance coverage

d.

To ensure that the individual's location is disclosed for insurance coverage

Posted under IC22 Life Insurance Underwriting

Answer: (a).To ensure that the amount of insurance applied for will adequately compensate the beneficiary in the event of an untimely loss Explanation:Every proposal for insurance should be financially underwritten to ensure that the amount of insurance applied for will adequately compensate the beneficiary in the event of an untimely loss.

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