1 One-time AD: requires a one-time modification. 2  Recurring AD: requires a check or service to be performed on an ongoing basis at specific intervals.  N/A AD: a not applicable AD, but is still noted to sohw awareness of its existence.
Not all life insurance policies are underwritten, but because some are it is important to understand what it means. Underwriting is a term used by life insurers to describe the process of assessing risk, ensuring that the cost of the cover is proportionate to the risks faced by the individual concerned. People with the same or similar risk pay the same or similar premium rates.
As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage; and what premium rate to set for the policy.ome American states have made medical underwriting illegal as a prerequisite for health coverage, which means if you ask for health insurance and pay for it, you get it. States that have outlawed medical underwriting include New York, New Jersey, Maine, Massachusetts, and Vermont.