Q344
The reason for charging level premiums is
A.
Risk increases as age increases
B.
It is convenient to the policyholder
C.
It is convenient to the insurer
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The reason for charging level premiums is Risk increases as age increases, it is convenient to the policyholder and it is convenient to the insurer.