What is the primary purpose of a health questionnaire in underwriting?

The primary purpose of a health questionnaire in underwriting is to gather detailed information about an applicant's health status. This information is crucial for underwriters to assess risk accurately and determine appropriate coverage options and premium rates. The health questionnaire typically includes inquiries about the applicant's medical history, current health conditions, medications, and lifestyle choices, which all play a significant role in the underwriting decision process.

By collecting this information, underwriters can evaluate the likelihood of future health issues and the associated costs for the insurer. This assessment helps in making informed decisions regarding policy approval, exclusions, or alterations in coverage. Overall, the aim is to ensure that the insurer can balance risk and provide fair pricing for their health insurance products.