Life assurance premium is determined by the assured's
COMMERCE
WAEC 2009
Life assurance premium is determined by the assured's
- A. educational level
- B. age
- C. reputation
- D. number of children
Correct Answer: B. age
Explanation
The age of the potential policy holder will determine the premium that would be required to be paid. For instance, a young agile person would be charged a different premium from a weak and aged person because the risk factor is different
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