Underwriting Factors: Life Insurance

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Underwriting Factors: Life Insurance

The factors that a provider of life insurance considers before issuing a policy and determining how much the premium should be. Underwriting factors in life insurance are used to estimate how likely a potential policyholder is to die before issuing the policy becomes profitable for the insurer. Factors include age, gender, whether or not the potential policyholder smokes, and so forth. See also: Underwriting Factors: Health Insurance.
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