Match each applicant scenario to the correct life insurance risk classification assigned by the underwriter.
- An applicant who is an active skydiver and is issued a policy requiring an additional premium surcharge.Substandard Risk
- A non-smoking applicant with a perfect driving record and ideal BMI who receives the lowest available rates.Preferred Risk
- A teacher with an average build and no significant medical history who is approved for a policy at regular rates.Standard Risk
- An applicant currently undergoing treatment for advanced-stage cancer who is denied coverage entirely.Declined Risk
Cevap
The active skydiver matches Substandard Risk. The extremely healthy non-smoker matches Preferred Risk. The average teacher matches Standard Risk. The applicant with advanced cancer matches Declined Risk.
Underwriters classify applicants to ensure premiums align with the level of risk. Preferred risks demonstrate superior health and receive the lowest premiums. Standard risks reflect an average baseline and pay regular premiums. Substandard risks present higher-than-average hazards (such as skydiving) but are still insurable with a premium surcharge. Extremely high hazards, such as a terminal illness, exceed acceptable limits and result in a declined application.
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Anahtar Kavram
Underwriting Risk Classifications