Washington Life Producer Practice Exam

Which of these is NOT considered to be a risk factor in life insurance underwriting?

1. Age of the applicant

2. Number of children

3. Health history

4. Occupation

The correct answer is: Number of children

In life insurance underwriting, risk factors are evaluated to determine the likelihood of an applicant making a claim, which ultimately influences policy terms and premiums. The age of the applicant, health history, and occupation are all critical factors that directly impact the risk profile. Age is significant because statistical data shows that older individuals generally have higher mortality rates compared to younger ones. Health history is central as it provides insights into pre-existing conditions or past illnesses that could affect longevity. Occupation matters as certain jobs carry higher risks, such as those in hazardous industries, leading to a greater likelihood of claims. The number of children, while relevant in assessing potential financial obligations or dependency on the applicant, does not directly relate to the risk of mortality or health issues. Therefore, it does not serve as a primary risk factor in the underwriting process. Making the number of children the outlier among the listed options.