<p class="p__1">As part of the application, the insurance company frequently requires the candidate's consent to acquire details from their physicians. Automated Life Underwriting is a technology solution which is developed to perform all or some of the screening functions typically finished by underwriters, and therefore seeks to lower the work effort, time and/or information necessary to finance a life insurance application.</p>
<p class="p__2">The mortality of underwritten persons rises far more rapidly than the basic population. At the end of ten years, the mortality of that 25-year-old, non-smoking male is 0.66/ 1000/year. As a result, in a group of one thousand 25-year-old males with a $100,000 policy, all of average health, a life insurance coverage business would need to collect around $50 a year from each participant to cover the relatively few anticipated claims.</p>
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