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Showing posts with the label adverse selection

Client insurance selection

Before company of life insurance publish the insurance policy to a client candidate, company will do with refer to process to assess how far the policy according to client candidate condition and requirement. Process select and analysis done to determine competent the insured candidate to buy insurance policyThere are some fundamental matters to determine the eligibility process, for example do the insurance program we buy according to requirement and ability of our finance. Besides do our health conditions as the insured candidate according to the condition qualified in program the insurance?Generally process the done by selection of company of life insurance is selecting the risk (underwriting).
Underwriting done before company take one of three decision alternative.
First, company accepts us as policy holder and publishes the policy we wish.
Both, company delay the process approval of publication of policy.
Third, company refuses proffering of the insurance we do. In course of the sele…