Your life insurance application is the first step in the underwriting process. It is used to gather basic personal information, health, medical, occupational, and lifestyle details to asses your risk. After reviewing the application and the results of any required tests, the underwriter will determine if any other information is required to make the decision. Depending on your health, you may receive a “standard” rating, which is most common. This means that the rate will match what you were quoted. Or, you may have a rating due to indications that you are higher risk. Once approved, you will have the final decision of whether you would like to put the policy into force and begin paying your premiums.