It depends primarily on which carrier, as well as the type of policy and benefit amount you are requesting. For instance, a $25,000 policy may not require much at all, whereas a $1 million policy will require a medical exam, and possibly the acquisition of medical records from your physician.
It is the evaluation of risk as to your insurability. 4lifeguild
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Some Insurance Companies Credit Score and some do not. Its really just a matter of the insurance company choice in underwriting and risk assessment procedures.
underwriting requirements of general public insurance covers
Try to get an accidental death policy. They are usually pretty liberal with the underwriting. You can also buy a small whole life or burial policy from an insurance company that only asks four to six underwriting questions.
In general, underwriting involves the assessment of risks. Insurance companies have "underwriting guidelines" that define the metes and bounds of the risks they are willing to accept. Those metes and bounds are defined, in turn, by the type of insurance that the insurer issues. That is, the underwriting considerations for a life insurance company involve factors such as age and health, whereas underwriting considerations for an insurer that issues automobile physical damage coverage involves considerations such as make and model of the auto, where the auto is principally kept, number of miles driven, and driving history. The totality of the underwriting factors, in part, determine the premium that the insurer will charge for the insurance.
It is the process of reveiwing your application for life insurance and applying the appropriate rating based on your qualifications.
A producer gathers information about the applicant, for the insurer, in order to avoid adverse selection.
Mega Insurance offers Life and Health Insurance. The have interests in underwriting. Their services are available for the right person looking for this type of service.
Each life insurance company establishes their own underwriting guidelines. Life insurance companies base their underwriting requirements on your age and the amount of life insurance you desire. Most life insurance will require a paramed exam which consists of height, weight, blood pressure readings, blood and urine samples. A more detailed MD exam may be required when insured is age 70 and above looking for a large policy $5million or greater.
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Mega Insurance offers Life and Health Insurance. The have interests in underwriting. Their services are available for the right person looking for this type of service.