Sentences with phrase «insurance underwriting factors»

Over time, as both genders build their driving records, other insurance underwriting factors come into play.

Not exact matches

Your term life insurance cost will depend on a number of factors including the underwriting requirements of the insurance company you choose.

Maybe the best part is that pricing is quite stable because renters insurance in California doesn't factor credit scores into rating or underwriting.

A CLUE (Comprehensive Loss Underwriting Exchange) report is one of the factors insurance companies consider when determining your rates.

Credit is not a rating or underwriting factor in California renters insurance.

This is because credit can't be used as a rating or underwriting factor on renters insurance in California.

In underwriting an application for life insurance, the insurance company considers various risk factors.

When you make premium payments on a cash - value life insurance policy, one portion of the payment is allotted to the policy's death benefit (based on your age, health and other underwriting factors).

Life insurance is subject to underwriting; your insurability and premium amount are dependent upon many factors, including age and your health.

Life insurance rates are based on different underwriting factors, and there are two that affect the policy rates the most: age and health of the applicant when the policy is purchased.

Lower interest, shorter terms, no appraisals or underwriting, no need for insurance, and a cap on closing costs cancel out a lot of the factors, making your mortgage loan the top priority.

According to Lamont Boyd, insurance underwriting expert at FICO, your credit - based insurance score is derived from a combination of factors in your credit reports and is used to help insurers better determine the likelihood you will file a future claim.

According to FICO, a major company that generates credit - based insurance scores, approximately 95 % of auto insurers and 85 % of homeowners insurers use credit - based insurance scores in states where it is a legally allowed underwriting or risk classification factor.

«About 70 percent of consumers applying for auto insurance are getting better prices today because credit - based insurance scores are used as one of the factors in underwriting.»

Each insurer has its own underwriting protocols, and an experienced broker will have a feel for which insurance company is likely to offer the most favorable rating to a client with a particular risk factor.

According to agents, many companies in California — including Safeco, Fireman's Fund, Allstate and CSE to name a few — use some type of credit or insurance score as one factor in underwriting new business.

For example... in the opinion of Joanne Doroshow, Executive Director of the Center for Justice and Democracy, «[T] his so - called «crisis» is nothing more than the underwriting cycle of the insurance industry, and driven by the same factors that caused the «crises» in the 1970s and 1980s.

Impaired Risk In life insurance underwriting, an impaired risk is an individual who has an unfavorable health condition or history or other factor that makes him or her an above - average risk for coverage.

Another key factor when pricing burial insurance policies is the insurer that is underwriting the policy — even with all other criteria being equal.

Simplified Underwriting An underwriting process, generally used in group coverage or insurance for smaller amounts, that uses less strict analysis of risk factors, often requiring no mUnderwriting An underwriting process, generally used in group coverage or insurance for smaller amounts, that uses less strict analysis of risk factors, often requiring no munderwriting process, generally used in group coverage or insurance for smaller amounts, that uses less strict analysis of risk factors, often requiring no medical exam.

Underwriting looks at dozens of different factors regarding your life, and will include (in some cases) taking a medical exam (paid for by the insurance company) as part of this process.

These forms of cancer each have their own specific medical underwriting factors which a life insurance carrier will review.

No matter if you reside in Overland Park, Kansas City, Manhattan or another Kansas city your car insurance liability policy will be factored by underwriting and rating.

Life Insurance Underwriting Health Classes Defined Life insurance policy underwriting is the process insurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk of mInsurance Underwriting Health Classes Defined Life insurance policy underwriting is the process insurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk oUnderwriting Health Classes Defined Life insurance policy underwriting is the process insurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk of minsurance policy underwriting is the process insurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk ounderwriting is the process insurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk of minsurance companies use to review an individual's health history, avocations and lifestyle factors to determine their actual risk of mortality.

Because life insurance companies rate each individual factor differently, it's a sum of all factors that determines what kind of policy they will underwrite and at what price.

Credit is not a rating or underwriting factor in California renters insurance.

Obesity, smoking, high blood pressure, high cholesterol, diabetes, inactivity, stress levels, the presence of cancer and poor diet are all risk factors taken into consideration when underwriting your insurance policy.

As a pilot, you need to understand that life insurance companies consider many factors when underwriting you for a policy.

This is because credit can't be used as a rating or underwriting factor on renters insurance in California.

By knowing the risk factors insurance companies use to determine your life insurance rates, and whether or not your health or lifestyle are considered «high risk,» you can be more prepared for the underwriting process.

These are the underwriting factors that determine the cost of insurance for a policy.

Insurance companies price their products differently based on a full variety of underwriting factors.

However, because life insurance companies factor into their underwriting decisions and pricing any pre-existing conditions that you may have, you may run into some challenges in finding affordable life insurance coverage.

As with all insurance, a number of factors go into the underwriting of cyber insurance.

In an e-mail exchange, a State Farm media representative told me that she was «not able to share with you specific underwriting policies because they are proprietary, however I can tell you that many factors, including the use of medical marijuana, are considered when underwriting a life insurance policy.»

Not all life insurance companies evaluate, i.e. underwrite, risk factors in the same manner however.

Aside from just your health, insurance providers look at a variety of other factors when underwriting your case.

Life insurance is subject to underwriting; your insurability and premium amount are dependent upon many factors, including age and your health.

Of course, all quotes are subject to underwriting by the life insurance company, and final prices may vary based on your medical history, driving record, lifestyle and many other factors.

Uninsurable Risk: An individual whose total risk is outside of the underwriting guidelines for an insurance company based on health, lifestyle or other factors.

Of course, all quotes are subject to underwriting by the life insurance company, and final prices may vary based on your client's medical history, driving record, lifestyle and many other factors.

And, since the insurance is based on a group, it's usually cheaper, because the policy underwriting doesn't account for things like individual health issues or personal factors, like age.

Because there are no medical underwriting factors to deal with on these types of policies, no medical exam life insurance policies can usually be approved relatively quickly — often within 48 hours or less.

Life insurance rates are based on different underwriting factors, and there are two that affect the policy rates the most: age and health of the applicant when the policy is purchased.

May not factor into an insurance company's underwriting process, which could potentially make these types of policies an ideal choice for someone who may otherwise not qualify for a traditional fully underwritten life insurance policy.

When you make premium payments on a cash - value life insurance policy, one portion of the payment is allotted to the policy's death benefit (based on your age, your health, and other underwriting factors).

The most important factor when purchasing an affordable life insurance policy is to utilize the most appropriate life insurance carrier that will give the perspective client the best underwriting decision and the lowest premium.

In addition to any potential medical underwriting, there are a few other factors that can affect a Medicare Supplement Insurance quote.

Insurance providers have underwriting guidelines to adhere to when you apply for life insurance coverage and there are many factors that both the life insurance company and their underwriters will need to take intoInsurance providers have underwriting guidelines to adhere to when you apply for life insurance coverage and there are many factors that both the life insurance company and their underwriters will need to take intoinsurance coverage and there are many factors that both the life insurance company and their underwriters will need to take intoinsurance company and their underwriters will need to take into account.

When a life insurance company underwrites your policy, they factor in a lot of your personal information: do you smoke?