Q440
Which of the below is not a factor in determining life insurance premium?
A.
Mortality
B.
Rebate
AnswerC.
Reserves
D.
Management expenses
Answer: Option B
Solution
Answer: Option B
Solution:
Rebate is not a factor in determining life insurance premium. Rebate is a portion of the agent's commission returned to an insured or anything else of value given an insured as an inducement to buy.