Question

What are the common challenges faced by underwriters while assessing a keyman insurance proposal?

a.

Qualifying the proposed insured as a key person

b.

Quantifying the potential financial loss to the company on the death of the insured

c.

Both a and b

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (c).Both a and b Explanation:Two main challenges that are faced by underwriters: qualifying the proposed insured as a key person and quantifying the potential financial loss to the company on the death of the insured.

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Q. What are the common challenges faced by underwriters while assessing a keyman insurance proposal?
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