The Unique Challenges of Underwriting Children for Life Insurance

Description

Executive Summary: Following the previous two
contributions on children’s brain disorders by
Dr. Regina Rosace (see OTR June and September
2017 issues), this article examines further medical
risk selection challenges when underwriting children,
including the moral hazards and associated
financial underwriting conundrum. Underwriting
children is not a task for the faint-hearted
underwriter, given that underage applicants
are financially fully dependent on their parents,
have little track record about their own health,
and very few underwriting clues if they present
an added risk to the insurance company.

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