Antiselection

Underwriting » Antiselection

Those most likely to claim are most likely to buy insurance.

So a person who has reasons to believe that death is likely will be very interested in buying insurance. The underwriting process helps weed out antiselection.

If an unsuitable life were able to buy insurance at the same rates as a healthy person, they are being subsidized by others who buy policies. This is unfair.

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definitions underwriting

page revision: 2, last edited: 06 Jun 2007 01:32

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