Washington Life Producer Practice Exam

An attending physician's statement would be appropriate for which life insurance purpose?

1. To verify premium payments

2. To assist in the underwriting decision

3. To request policy loans

4. To name beneficiaries

The correct answer is: To assist in the underwriting decision

An attending physician's statement is a crucial document used in the life insurance industry to provide detailed medical information about an applicant. This statement plays a significant role in the underwriting process by offering insights into the applicant's health status, medical history, and potential risks. Underwriters use this information to assess the insurability of the individual, evaluate the level of risk they may pose, and determine appropriate premium rates. The attending physician's statement addresses specific medical conditions and treatments that may not be fully disclosed in a standard application, allowing underwriters to make informed decisions based on comprehensive data. Thus, it is a critical component in the underwriting decision-making process, helping insurers ensure they are accurately pricing the policy according to the applicant's health risks.