What type of insurance considers factors such as age and medical history during the underwriting process?

Individual coverage is the type of insurance that takes into account personal factors such as age and medical history during the underwriting process. This personalized evaluation is crucial in determining risk levels and premium rates for each applicant. The underwriting process for individual coverage involves a detailed assessment of the applicant's health status, lifestyle choices, and medical history, which allows insurers to accurately evaluate the likelihood of claims being made.

In contrast, group coverage typically does not involve individual underwriting; instead, it covers a group of people under a single policy and often only considers basic demographics. Life insurance can be considered a form of individual coverage, but it specifically applies to policies that provide financial benefits upon the insured's death, while individual health insurance encompasses a broader range of coverage types. Accidental death insurance focuses strictly on accidental deaths and also does not involve detailed medical underwriting like individual coverage does.