What are the elements of life insurance premiums?
The premium rate for a life insurance policy is based on two underlying concepts: mortality and interest. A third variable is the expense factor which is the amount the company adds to the cost of the policy to cover operating costs of selling insurance, investing the premiums, and paying claims.
Which of the following is not a component of an insurance policy premium?
Which of the following is NOT a component of determining policy premiums? Dividends are not a component when determining policy premiums.
What is not included in life insurance?
Other Reasons Life Insurance Won't Pay Out\n\n Family health history. Medical conditions. Alcohol and drug use. Risky activities.
What is meant by life insurance premiums? This is a term that is used to refer to the amount of money that is paid to an insurance company due to the fact that you are receiving benefits from the company. The payments can be made by the person on a regular schedule or for a defined number of periods. Read more on life insurance here: brainly.com/question/1373572
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