Ace the Chartered Life Underwriter Challenge 2025 – Secure Your Success and Dominate the Exam!

In a life insurance application, the information that is typically required includes critical personal identification data such as the applicant's social security number and age. This information is essential for the insurer to assess the risk associated with underwriting the policy. The social security number helps to verify the applicant's identity and can provide access to pertinent financial history, while age is a primary factor in determining premium rates and eligibility for coverage, as life expectancy typically correlates with age.

The other options, while they may provide insights into an applicant's profile, are not standard requirements for all life insurance applications. Personal preferences on policy types might be relevant during the selection of the coverage but are not a mandatory part of the basic application process. Previous insurance claims history can be considered, but it is not universally required and can vary depending on the insurer's policies. Investment portfolio details are generally not relevant to life insurance applications, as life insurance focuses on the individual's mortality risk rather than their investment strategies. Therefore, the most pertinent information needed for processing a life insurance application centers on core identification details like social security number and age.