What does an agent’s report contain?

An agent’s report serves a crucial function in the life insurance application process by detailing information that has been uncovered by the agent regarding the proposed insured's risks. This includes observations made during the application interview and any relevant facts that pertain to the applicant's health, lifestyle, and financial background. Such details help the insurer in assessing the risk associated with providing coverage, ultimately influencing underwriting decisions.

This report plays a significant role in risk assessment by consolidating factual information that may not be captured solely in the application. By including data on potential health risks or lifestyle choices that could affect the insured's longevity, the agent helps the insurance company to better calculate premium rates and policy terms that fairly reflect the level of risk.

While personal opinions or evaluations might be present in informal discussions, the primary focus of the agent’s report is grounded in objective findings about the applicant’s insurability and associated risks, making it a valuable tool for insurers in their decision-making process.