Final answer:
The underwriting process for life insurance involves assessing health risks and determining premiums based on various factors such as age, current health status, medical history, and lifestyle choices.
Step-by-step explanation:
The underwriting process for life insurance involves assessing health risks and determining premiums. This is done by analyzing various factors such as the individual's age, current health status, medical history, and lifestyle choices. By evaluating these risks, the insurance company can determine the appropriate premium amount to charge the individual for the life insurance policy. For example, an individual with a pre-existing medical condition may be deemed to have a higher health risk and therefore may be charged a higher premium.