What does Life Underwriter mean? Read on to discover the definition & meaning of the term Life Underwriter - to help you better understand the language used in insurance policies.
A life underwriter is the person who stands in between a life insurance company and an insurance agent to evaluate whether an applicant for life insurance may pass for acceptance. The job that an underwriter does is called underwriting, which is the process of analyzing and evaluating the risks carried by an applicant for insurance. Part of the functions of an underwriter is the determination of the amount of premium that the applicant will pay.
We hope the you have a better understanding of the meaning of Life Underwriter.