| The purpose of this object is to provide details as to what are the living arrangements of an individual who is applying for insurance. This information is typically used for determining risk associated with short and long term care types of products. The living arrangements of the individual applying for the insurance factor into the underwriting for these products. An individual living in their own home with a spouse or relatives presents a higher risk of death or personal injury. A person living alone in their own home would present the next higher risk and so on up to the individual who is living in a full care nursing home would present the lowest risk of death or personal injury. |
LivingArrangementSysKey