Question

Which of the following is the primary source of information that an insurer uses to evaluate an

insured's risk for life insurance?
(Choose from the following options)
01. The law of large numbers
02. Agent's Report
3. Insurance application
4. Risk analysis

Answer 1

The primary source of information for evaluating an insured's risk for life insurance is the insurance application.

Step-by-step explanation:

The primary source of information that an insurer uses to evaluate an insured's risk for life insurance is the insurance application. When applying for life insurance, the insured is required to fill out an application form that includes information about their health, lifestyle, occupation, and finances. This information provides the insurer with essential data to assess the level of risk associated with insuring the individual and determine the appropriate premiums.

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