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(Created page with "Determine which of the following statements is NOT true with regard to underwriting. <ul class="mw-excansopts"><li> Life insurance policies are typically underwritten to prevent adverse selection.</li><li> The distribution method affects the level of underwriting.</li><li> Single premium immediate annuities are typically underwritten to prevent adverse selection.</li><li> Underwriting may result in an insured life being classified as a rated life due to the insured's oc...") |
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<ul class="mw-excansopts"><li> Life insurance policies are typically underwritten to prevent adverse selection.</li><li> The distribution method affects the level of underwriting.</li><li> Single premium immediate annuities are typically underwritten to prevent adverse selection.</li><li> Underwriting may result in an insured life being classified as a rated life due to the insured's occupation or hobby.</li><li> A pure endowment does not need to be underwritten to prevent adverse selection.</li></ul> | <ul class="mw-excansopts"><li> Life insurance policies are typically underwritten to prevent adverse selection.</li><li> The distribution method affects the level of underwriting.</li><li> Single premium immediate annuities are typically underwritten to prevent adverse selection.</li><li> Underwriting may result in an insured life being classified as a rated life due to the insured's occupation or hobby.</li><li> A pure endowment does not need to be underwritten to prevent adverse selection.</li></ul> | ||
{{soacopyright | 2024 }} | |||
Latest revision as of 00:16, 18 January 2024
Determine which of the following statements is NOT true with regard to underwriting.
- Life insurance policies are typically underwritten to prevent adverse selection.
- The distribution method affects the level of underwriting.
- Single premium immediate annuities are typically underwritten to prevent adverse selection.
- Underwriting may result in an insured life being classified as a rated life due to the insured's occupation or hobby.
- A pure endowment does not need to be underwritten to prevent adverse selection.
Copyright 2024 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.