ExamPlay Light Logo
Sign In

WAEC - Commerce (2009 - No. 40)

Life assurance premium is determined by the assured's
educational level
age
reputation
number of children

Explanation

The age of the potential policy holder will determine the premium that would be required to be paid. For instance, a young agile person would be charged a different premium from a weak and aged person because the risk factor is different

Comments (0)

Login To Comment
Advertisement
BrainBehindX Inc Logo
©2026; Powered By BrainBehindX Inc