Long-Term Care Underwriting
Underwriting long-term care risk is very different from life insurance underwriting, and it all comes down to mortality vs. morbidity.
Long-term care underwriting looks at morbidity risk, which takes into account medical impairments that impact a client’s ability to perform daily living activities which would indicate a need for long-term care. Life underwriting, on the other hand, looks at pre-existing medical conditions and non-medical factors that might affect mortality, or death.
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