Underwriter: The individual or team within a life insurance company who is trained to evaluate the insurability and determine the classification of applicants for insurance protection. (quickquote.com)
Underwriting: The process by which a life insurance company evaluates applicants for insurance based on a set of guidelines. (lifewealthwin.com)
The contestability clause protects the insurance company from fraudulent and misleading statements made by applicants for insurance in an attempt to secure coverage at a better health class. (keypersoninsurance.com)