×y°Quiz Final Exam Part 2 x t87. Chapter grayson.instr r, WatchM Dashboard! Cred
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×y°Quiz Final Exam Part 2 x t87. Chapter grayson.instr r, WatchM Dashboard! Credit) instructure.com/courses/12311/quizzes/71201/take My account I Hear the tracks you D Question 3 2 pts A mortality table is 0 the rating given to policyholders according to risk O a piece of fumiture from the hospital emergency room o a statistical average of how long people are expected to live O a family death record. D Question 4 2 pts life insurance policies cover the insured for life or until a specified age, whichever comes first Question 5 2 pts Whole life premiums are meaning that they remain constant for the duration of the policyExplanation / Answer
Answer:- a mortality table is
Correct option:- a statistical average of how long people are expected to live
Reason:- Mortality table can be seen as an actuarial table which indicates the life expectancy and death frequency of individuals. A mortality table is a statistical table that shows how long people of each age are expected to live and how frequent deaths are for a given age or occupation. It is widely used by the insurers to estimate the average period of the life.
Answer:- ………………….. life insurance policies cover the insured for life or until a specified age whichever comes first
Correct Answer:- Permanent insurance life insurance
Reason:- Permanent insurance life insurance are the life insurance for the life of the insurer or on the attainment of a certain age for example 100 years.
Answer:- whole life premiums are ................meaning that they remains constant for the duration of the policy
Correct Answer:- Fixed or constant
Reason:- The premium in a whole life policy typically remains constant, while term life premiums usually rise over time
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