Another short post today. There’s too much bracketball to watch today. Breakfast – Roasted chickpeas and veggies Lunch – Ampaipitakwong Fried Rice (aka Pete’s), egg roll (yes, it does resemble last night’s dinner) Dinner – Chicken fajitas I enjoyed tracking my meals this week and learned a lot. I no longer need to track consumption like […]
Short post today. The Boss is Back and there will be Boss directed activities to be done today. Even More Things I Learned This Week Rock hard green avocados ripen faster when placed in a bowl with very ripe spotted bananas. Fresh grapes satisfy my sweet tooth. I forgot to weigh myself this morning. “Daily […]
Friday 3/24 After 47 years as a cardiologist with 200,000 patient visits, I can firmly say that vegans are my healthiest patients. I certainly agree with you it is not easy. My position is that 90% vegan which is 19 of 21 meals a week will do just fine. Foods should be, prior to preparation, […]
I just found this. The file is dated 12.26.2017. No wonder why the cumin, paprika, parsley, salt and pepper are missing.
Thurs 3/23 Update 5:25 pm I’m learning a lot about myself this week from tracking my meals. Since The Boss is away my meals and eating habits are totally my own. I don’t have to think about, shop for, plan or cook with someone else’s preferences in mind. I like not having regularly scheduled meals. […]
5 thoughts on “Underwriting Among Early Effects Of COVID-19 On Life Insurance”
I don’t really understand what underwriting is, let alone accelerated underwriting. I looked it up and read a couple articles from Google, but still don’t understand it. I know it has something to do with risk. I remember when my mother was in her 80s, I had to look around for quite a while to find a policy that would still cover her. She was going to be dropped by her old one. Actually with my mother as I recall it was an annuity not life insurance. So that may be different.
Remember I come from a life insurance background, underwriting specialist at your service. Put simply the underwriting process is risk selection, deciding who qualifies for coverage and at what price. It has been my life’s work to understand the things that impact an individual’s longevity and charge premiums appropriately.
Accelerated means time to issue. Companies are shortening the time it takes to underwrite by streamlining processes and using alternative data sources instead of medical records from doctors and hospitals.
Your clear concise reply explains this concept so much better than multiple google pages. Thank you!
Is this different from an actuary?
Yes. Actuaries use complex models to set prices for large groups of people. Underwriters work supports the actuarial pricing model on a case by case basis. Bad underwriting = lower or no profits. Bad actuarial pricing means the company is really screwed.