When looking at a rate table for supplemental term life insurance, what are the rates based on? a. where the insured was born b. the marital status of the insured c. where the insured lives d. the age of the insured

Question

Mathematics

Mekhi Lloyd

20 March, 19:58

When looking at a rate table for supplemental term life insurance, what are the rates based on? a. where the insured was born b. the marital status of the insured c. where the insured lives d. the age of the insured

+3

Answers (1)

Know the Answer?

Jocelyn Hubbard · Answer 1

Answer: The answer is (d) the age of the insured.

Step-by-step explanation: We are to select one option among the four upon which the rates based on when looking at a rate table for supplemental term life insurance.

In supplemental term life insurance, the rates of interest area always based on the average age of the insured person, not the place of birth, the marital status or the place of living of the insured.

Thus, the correct option is (d).