Sum proposed or age is high
Medical characteristics of the proposer
Both A & B
None of the above
Answer is Right!
Answer is Wrong!
The correct answer is: Both A & B.
A medical report is essential when the sum proposed or age is high because it helps the insurer to assess the risk and determine the appropriate premium. The medical report will also help the insurer to identify any pre-existing conditions that may affect the life insured’s health and lifespan.
The medical characteristics of the proposer are also important because they can affect the risk and the premium. For example, a smoker will be charged a higher premium than a non-smoker.
Option C is incorrect because it does not include all of the factors that can affect the need for a medical report.
Option D is incorrect because a medical report is essential in some cases.