Underwriting is the methodology
applied by life insurers to examine or assess the insurance risks before accepting or rejecting coverage and determining the appropriate premiums for them.
Not exact matches
With whole
life, you've got more moving parts to work with, and if you're past the surrender period and miss a payment then the
insurer may offer you some alternatives (or even
apply one
by default):
With whole
life, you've got more moving parts to work with, and if you're past the surrender period and miss a payment then the
insurer may offer you some alternatives (or even
apply one
by default):
Using the example above as insurance coverage on your
life ($ 1 Million dollars) depending on your age, health and other factors at the time you
apply for a said
life insurance policy will determine how much premium you will be charged
by the
insurer for coverage on your
life.
Driving safe, save on
life insurance: Ensure you have a good driving record before
applying — a bad driving record is punished
by life insurance provider (as
by auto
insurers)-- your premiums will go up
by extra 25 - 50 %.
Good driving record: Ensure you have a good driving record before
applying — a bad driving record is punished
by life insurance provider (as
by auto
insurers)-- your premiums will go up
by extra 25 - 50 %.