Life Insurance Exam [National] 24 – Life Insurance Underwriting Process Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam life insurance exam. In this episode you will learn: • The primary goal of life insurance underwriting and how it prevents adverse selection. • The distinction between Part 1, Part 2, and the Agent's Report within a medical application. • The specific role of the Medical Information Bureau and the legal limitations on its use. • How risk classifications such as Preferred, Standard, and Substandard impact premium costs. • Applicant protections under the Fair Credit Reporting Act regarding investigative consumer reports. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep