alonsodaniel562 alonsodaniel562

05-06-2024
Mathematics

Answered

Question 7(Multiple Choice Worth 1 points)
(Insurance LC)
Which of the following would most likely contribute toward lowering the premium a policyhold
1. Choosing whole instead of term insurance
II. Decreasing the death benefit
III. Maintaining good health
IV. Taking up smoking
O I, II
O II, III
O III, IV
OI, IV

Answer :

GinnyAnswer GinnyAnswer

05-06-2024

Final answer:

Maintaining good health and decreasing the death benefit can lower insurance premiums, while taking up smoking may increase them.

Explanation:

Maintaining good health would most likely contribute toward lowering the premium a policyholder pays. This is because individuals in good health are generally considered lower risk for insurers, leading to lower premiums.

Decreasing the death benefit could also contribute to lowering the premium, as a lower death benefit means less financial liability for the insurance company.

Taking up smoking would likely increase the premium since smoking is associated with higher health risks.

Learn more about Insurance premiums here:

https://brainly.com/question/13724529

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