Question

21 anita is 51 years old and is planning to apply for a life insurance policy. she contacts bella, an insurance agent, and schedules a meeting. during the meeting, anita informs bella that she was diagnosed with a heart problem a few years ago and is receiving treatment. considering her health status, anita is anxious and asks bella about additional requirements for applying for a life insurance policy. which of the following responses is bella likely to provide anita?
options:
a. anita will only be required to provide an aps as she was already diagnosed with the condition and is receiving treatment.
b. anita will be required to provide an aps as well as a medical exam if the underwriter has concerns about her health.
c. anita will either be required to provide an aps or a medical exam, but not both as both serve the same purpose.
d. anita will only be required to provide a medical exam and not an aps as it only provides a summary of the life insured’s medical history.

Explanation:

In life insurance underwriting, when an applicant has a pre - existing condition (Anita has a heart problem diagnosed 5 years ago and is in treatment), typically, if the underwriter is concerned about the health, the applicant may be required to provide either an Attending Physician's Statement (APS) or a medical exam, but not both, as they serve similar purposes of providing health information. Option c states this. Option a is incorrect as usually not only APS is required. Option b is incorrect as both aren't required. Option d is incorrect as it misrepresents the purpose of APS (it provides detailed health info, not just a summary of medical history).

Answer:

c. Anita will either be required to provide an APS or a medical exam, but not both, as both serve the same purpose of providing her health information.