Fundamentos del Seguro de VidaPregunta 378 de 716
A 'preferred' risk classification is generally assigned to an applicant who:
a.Falls exactly at the average on every underwriting factor the insurer measures
b.Is in better-than-average health and presents lower-than-average risk
c.Has several serious ongoing health conditions requiring treatment
d.Cannot be insured by any company at any premium the applicant might pay
Explicación
A preferred classification recognizes applicants whose health, lifestyle, and other factors make them lower risk than average, so they qualify for the lowest premiums. Applicants with serious conditions would be rated (substandard) or declined. Someone uninsurable at any price would be declined, not classified as preferred. An exactly average applicant would be standard. The preferred class rewards below-average risk with below-average pricing.
Practica las 716 preguntas gratis — sin registro.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- If an insurer assumes that insureds will, on average, live longer than previously expected, the mortality cost built into life insurance premiums generally:
- Under the level premium approach used in whole life, the premiums charged in the early policy years are:
- An applicant with a significant but insurable health impairment will most likely be placed in which underwriting classification?
- The chief advantage of the conversion privilege on a term policy is that the insured can:
- Whole life insurance is generally most suitable for a client who wants:
- For most families, the amount of life insurance protection needed typically:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Life & Health Insurance License Exam · Cómo revisamos
Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)