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which of the following factors is not considered when calculating premium in life assurance policy

Insurance
WAEC 2017

which of the following factors is not considered when calculating premium in life assurance policy

  • A. expense
  • B. mortality
  • C. interest
  • D. losses
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Correct Answer: Option A
Explanation

There are several factors used to determine your life insurance premiums, including the following:

  • Age. Age is probably the single primary factor that determines your life insurance premiums. ...
  • Gender. 
  • Physical condition.
  • Smoking. 
  • Your medical history.
  • Your family's medical history.
  • Occupation.
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts