Chartered Life Underwriter Exam 2025 – 400 Free Practice Questions to Pass the Exam

When considering how an applicant's character and personal habits can be assessed for underwriting purposes, an investigative consumer report stands out as the most relevant source. This type of report not only provides information about an individual’s financial history but also includes insights into their character, lifestyle, and habits based on interviews with individuals who know the applicant, such as neighbors and coworkers.

The investigative consumer report can help underwriters get a more comprehensive view of the applicant beyond just numerical data. This is crucial in determining risk and making informed decisions about insurance coverage. The depth of the information provided in such reports allows underwriters to gauge how an applicant might behave in terms of insurance-related matters, such as filing claims or maintaining a policy.

Other sources, while potentially useful, do not specifically focus on this aspect as directly. Medical examination reports primarily provide health-related information, personal references from friends could be biased or incomplete, and public records offer limited insight into personal habits or character traits. Therefore, the investigative consumer report is the most appropriate choice for assessing an applicant’s character and personal habits in an underwriting context.