What is Life Insurance Underwriting?

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Underwriting refers to the process that the Company uses to assess the eligibility of a customer for a life insurance policy. It involves the classification, selection and pricing of risks. It goes by the principle that every risk in the insurance pool should pay an equitable premium.

Underwriting falls into the five categories as follows:

1. Medical underwriting

2. Occupational underwriting

3. Residential underwriting

4. Financial underwriting

5. Lifestyle underwriting