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Which Of The Following Factors Is Not Considered When Calculating Premium In Life Assurance Policy? - Erudites Academy

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

by | Oct 17 | Insurance WAEC | 0 comments

A. expense
B. mortality
C. interest
D. losses

Correct Answer: Option A

A. expense

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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