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

Underwriters gather information to assess risk and make informed decisions regarding insurance applications. While various sources provide valuable data, genetic testing stands apart as a unique entity due to legal and ethical considerations.

Genetic testing involves analyzing an individual’s DNA to predict potential health issues and conditions. This practice is sensitive and subject to strict regulations under laws like the Genetic Information Nondiscrimination Act (GINA), which prohibits the use of genetic information in making decisions about insurance coverage and premiums. Thus, underwriters cannot rely on genetic test results because it could lead to discrimination based on an applicant’s genetic predisposition rather than their current health status or risk profile.

In contrast, the Medical Information Bureau, consumer reports, and attending physician's statements are all established sources of information used by underwriters. These sources provide insights into an applicant's medical history, lifestyle choices, and existing health conditions, allowing for a comprehensive risk assessment.