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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
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Correct Answer: Option B
Explanation

Life insurance provides financial protection for your family in the event of your passing. It is determined by the age of the policy holder, at the time of entering the insurance contract

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