Course: Financial Underwriting

$125.00 CAD


Duration: 51 minutes  

Financial underwriting is an essential part of risk analysis in life insurance. It helps the insurer monitor and control risks, protect the company’s portfolio and optimize the results of the insurance activity. The first thing to consider is that an application for insurance is a contract between one or two other parties and the company, and the second is that it must make economic sense.

An underwriter should always understand the reasons for the client’s application and whether the face amount is justifiable. The applicant should not be in a position to benefit from the event happening – this type of situation is referred to as a “windfall” and will be discussed in the lecture. Life insurance, as we have already seen, is an instrument to compensate for the financial loss of the dependents in the unfortunate event of the death of the insured. It exists to try to maintain the family at the same standards of living as was the case when the insured was still alive, however it is not designed to better their standard of living.

Prerequisites (if no prior underwriting experience): None

At the end of this course, you will be able to:

  • Examine the financial need for life insurance and how the amount of insurance affects the financial underwriting risk on a case.
  • Differentiate between personal insurance for adults and children when assessing risk.
  • Capture and defend all of the relevant information from the underwriting evidence and how to evaluate the information to make a solid underwriting decision, through case analysis and practice.




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