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

Question: 1 / 400

Which of the following is an example of a factor that underwriters consider when assessing an application?

The applicant's favorite color

The applicant's age

Underwriters assess various factors when evaluating an application, and age is a significant determinant in this process. The age of an applicant can influence the risk associated with insuring them, as it is closely linked to mortality rates and life expectancy. For life insurance, for instance, younger applicants typically have a lower risk of death compared to older applicants, which affects premium calculations and coverage options.

While the applicant's favorite color, hobbies, or travel destinations may provide some insights into their lifestyle or personality, they do not have a direct impact on determining the risk level associated with insuring that individual. In contrast, age is a quantifiable factor that has proven statistical relevance in assessing life insurance applications, making it a vital component of an underwriter's evaluation.

Get further explanation with Examzify DeepDiveBeta

The applicant's hobbies

The applicant's travel destination

Next Question

Report this question

Download Chartered Life Underwriter Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy