Question

What is financial underwriting?

a.

The process of determining the amount of insurance cover that is justified for a person with regards to his/her income and needs

b.

The process of determining the financial stability of an insurance company

c.

The process of determining the amount of premium to be paid by an insured person

d.

The process of determining the age and health of an insured person

Posted under IC22 Life Insurance Underwriting

Answer: (a).The process of determining the amount of insurance cover that is justified for a person with regards to his/her 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 needs.

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