1 One-time AD: requires a one-time modification. 2  Recurring AD: requires a check or service to be performed on an ongoing basis at specific intervals.  N/A AD: a not applicable AD, but is still noted to sohw awareness of its existence.
Not all life insurance policies are underwritten, but because some are it is important to understand what it means. Underwriting is a term used by life insurers to describe the process of assessing risk, ensuring that the cost of the cover is proportionate to the risks faced by the individual concerned. People with the same or similar risk pay the same or similar premium rates.
Financial Underwriting An evaluation of the financial need and purpose for a proposed life insurance policy is a key part of the underwriting process. The writing agent is a key source of information, and we depend heavily on their ability to help us understand and resolve any financial issues.o other adverse underwriting considerations per underwriting judgment, to include; cancer, heart disease, stroke, diabetes, or alcohol/substance abuse. Blood Pressure Average from current medical exam and history readings within the last year do not exceed 135/85 through age 60 or 140/85 for ages 61-70.