Kansas Funeral Director Practice Exam 2025 - Free Funeral Director Practice Questions and Study Guide

Question: 1 / 400

Another term for the insurer in a life insurance policy is what?

Underwriter

The correct term for the insurer in a life insurance policy is "underwriter." An underwriter is the entity or individual that evaluates and assumes the risk involved in insuring people and assets. In the context of life insurance, the underwriter is responsible for assessing the applicant's risk profile, determining the terms of coverage, and ultimately making decisions about the issuance of the insurance policy.

Understanding the role of the underwriter is crucial in the insurance industry, as they play a key part in managing risk and setting premiums based on various factors such as health, lifestyle, and financial background. This distinction is important because it clarifies the responsibilities of the underwriter in comparison with other roles in the insurance field, such as agents, brokers, and adjusters, who serve different functions in the process of obtaining and managing insurance policies.

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Agent

Broker

Adjuster

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