WAEC - Insurance (2017 - No. 3)
which of the following factors is not considered when calculating premium in life assurance policy
expense
mortality
interest
losses
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.