Final answer:
The first step in assessing variable insurance suitability is to determine the client's risk group by analyzing factors such as age, health history, and driving record. For example, life insurance companies may consider the client's family health history. This helps the insurance company offer suitable coverage and premiums.
Step-by-step explanation:
The first step in assessing variable insurance suitability is to determine the client's risk group. This is done by analyzing the client's factors such as age, health history, driving record, and other relevant information. For example, for life insurance, the insurance company may ask about the client's family health history to assess the risk of certain hereditary diseases. By understanding the client's risk group, the insurance company can offer appropriate coverage and premiums.