Exam (elaborations)
Chapter 6: Life Insurance Premiums, Proceeds and Beneficiaries Latest Update 2023
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Primary Factors In Premium Calculations - ANSWER1. Mortality Factor 2. Interest Factor 3. Expense Factor Morality Factor - ANSWERA measure of the number of deaths in a given population. Mortality is based on a large risk pool of people and time. Insurance companies use mortality tables to help...
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