L08 Life Insurance Underwriting MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on L08 Life Insurance Underwriting, a fundamental topic in the field of IC38 Life Insurance Agent Exam. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our L08 Life Insurance Underwriting MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of L08 Life Insurance Underwriting mcq questions that explore various aspects of L08 Life Insurance Underwriting problems. Each MCQ is crafted to challenge your understanding of L08 Life Insurance Underwriting principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC38 Life Insurance Agent Exam tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our L08 Life Insurance Underwriting MCQs are your pathway to success in mastering this essential IC38 Life Insurance Agent Exam topic.

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L08 Life Insurance Underwriting MCQs | Page 6 of 7

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Q51.
What is the significance of personal history in medical underwriting?

a.

It helps assess family longevity.

b.

It provides insights into the family environment.

c.

It identifies past impairments and diseases in the individual.

d.

It determines the individual's occupation.

Discuss
Answer: (c).It identifies past impairments and diseases in the individual. Explanation:Personal history in medical underwriting involves assessing past ailments and impairments in the individual.
Q52.
What type of report may be called for individuals with adverse family history in medical underwriting?

a.

Occupational report

b.

Extra mortality rating

c.

Medical examiner's report

d.

Financial assessment report

Discuss
Answer: (c).Medical examiner's report Explanation:Individuals with adverse family history may be required to provide a medical examiner's report in medical underwriting.
Q53.
What is a person's build in the context of medical underwriting?

a.

The person's height and weight

b.

The person's family history

c.

The person's blood pressure

d.

The person's specific gravity

Discuss
Answer: (a).The person's height and weight Explanation:Build refers to a person's height and weight and their relation to standard values.
Q54.
What does high blood pressure indicate in medical underwriting?

a.

Obesity

b.

Hypotension

c.

Underweight

d.

Hypertension

Discuss
Answer: (d).Hypertension Explanation:High blood pressure, or hypertension, can have serious consequences and is a significant indicator in medical underwriting.
Q55.
What does backdating mean in the context of insurance policies?

a.

Changing the insurer's name on the policy

b.

Altering the beneficiary's name on the policy

c.

Modifying the policy's terms and conditions

d.

Changing the policy's start date to an earlier one

Discuss
Answer: (d).Changing the policy's start date to an earlier one Explanation:Backdating refers to changing the policy's start date to an earlier date than the original purchase date.
Q56.
What can the specific gravity of urine indicate in medical underwriting?

a.

Height and weight

b.

Blood pressure

c.

Balance among salts in the urinary system

d.

Family history of diseases

Discuss
Answer: (c).Balance among salts in the urinary system Explanation:The specific gravity of urine can indicate the balance among various salts in the urinary system, which is an important medical factor.
Q57.
What does it mean when a person's chest is expanded by at least four centimeters in the context of build?

a.

The person is underweight

b.

The person has high blood pressure

c.

The person is overweight

d.

The person has a normal chest expansion

Discuss
Answer: (d).The person has a normal chest expansion Explanation:A normal chest expansion is expected to be at least four centimeters, indicating a healthy chest in the context of build.
Q58.
What is one purpose of backdating an insurance policy?

a.

To increase the premium based on the policyholder's age

b.

To avoid paying the premium

c.

To set the timing of payment to coincide with special dates

d.

To make the policy's tenure longer

Discuss
Answer: (c).To set the timing of payment to coincide with special dates Explanation:Backdating can be used to coincide the policy start date with important dates, making it easier to remember premium due dates.
Q59.
How can backdating be beneficial in terms of the premium?

a.

It always reduces the premium amount

b.

It increases the premium amount

c.

It allows you to set the premium amount yourself

d.

It can lower the premium by adjusting the policyholder's age

Discuss
Answer: (d).It can lower the premium by adjusting the policyholder's age Explanation:Backdating can lower the premium by adjusting the policyholder's age for premium calculations.
Q60.
Why might someone backdate their insurance policy to coincide with their birthday or anniversary?How does backdating affect the tenure of an insurance policy?

a.

To receive a birthday or anniversary gift from the insurance companyIt always shortens the policy's tenure

b.

To confuse the insurance companyIt always extends the policy's tenure

c.

To have an excuse to throw a partyIt has no impact on the policy's tenure

d.

To make it easier to remember their premium due dateIt can shorten the policy's tenure and facilitate early maturity

Discuss
Answer: (d).To make it easier to remember their premium due dateIt can shorten the policy's tenure and facilitate early maturity Explanation:Backdating to coincide with important dates like birthdays or anniversaries can help policyholders remember their premium due date.Backdating can shorten the policy's tenure and facilitate early maturity, depending on when it is backdated.
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