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

The gender of the applicant is a significant factor influencing premium rates for life insurance policies due to the historical data and statistical analysis that life insurers rely on to assess risk. Different genders may have varying life expectancies, health issues, and behaviors that affect their overall risk profile. For instance, statistical trends often show that women generally live longer than men, which could lead to lower premiums for female applicants as they are perceived as lower-risk individuals over the long term.

In contrast, choices that focus on personal attributes such as social media presence, preferred hobbies, or personal sentimentality do not typically have a direct correlation with the actuarial tables and risk assessments that insurers use to determine premiums. While an applicant's hobbies may be considered in certain contexts—such as high-risk activities affecting health or mortality—they do not carry the same weight or substantial impact on premium rates as gender does in the larger scope of risk assessment.