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The Ins and Outs of Underwriting for Life Insurance

Posted by Bill Bruce on August 13, 2020

Life insurance policies are subject to varying levels of underwriting. Underwriting is the process of evaluating the risk that the insurance company would take on if it were to approve an applicant for a particular policy. Some policies require extensive evaluation of risk factors, including a medical exam and lab work, while others are available without any such evaluation. The level of underwriting a policy requires affects its cost, coverage amount, and how long it will take before the policy can go into effect. There are three basic underwriting options: ...

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Topics: Life Insurance