Which term describes the underwriting outcome when a life policy is issued as applied for with standard risk?

• A. Issued With Conditions
• B. Issued Standard
• C. Declined
• D. Referred to Underwriter

Answer: (B)

In life insurance underwriting, risks are classified to determine how the policy will be issued. When an applicant’s health and factors place them in the standard or average risk category and all required information is satisfied, the policy is issued without any changes. This is described as “issued standard” because the coverage goes through exactly as applied for, with a standard premium and no exclusions or additional conditions.

This outcome contrasts with others: if the risk isn’t favorable enough or more information is needed, the policy might be referred to underwriter or declined. If some underwriting conditions must be met before final approval, it would be issued with conditions. So “issued standard” is the correct term because it indicates no adjustments or restrictions beyond the standard coverage.