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Diego who is age 45 is purchasing a participating whole life policy on the life of his son Manuel who is 16 years old. He.
Diego who is age 45 is purchasing a participating whole life policy on the life of his son Manuel who is 16 years old. He. also has a daughter Maria who is 14 years old. The policy on Manuel's life is for $250,000, Diego will be the owner af the policy. Diego is a real estate broker and his annual income is $120,000. What information will the underwriter require to assess and process the life insurance application? Select one: a. Insurance application history, insurable interest, riders and supplementary benefits, justification for the coverage, dividend options. b. Insurance application history, justification for the amount of coverage, insurable interest, financial ability. c. Dividend options, insurance application history, riders and supplementary benefits, financial ability. d. Financial ability, insurance application history, premium options, riders and supplementary benefits
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