Question

In: Finance

Deductibles are not used in which of the following type of insurance? disability income insurance property...

Deductibles are not used in which of the following type of insurance?

disability income insurance

property insurance

health insurance

life insurance

Solutions

Expert Solution

Ans life insurance

Deductible is the amount that is paid before the insurance kicks in. These are essential part of insurance contracts. The larger the deductible, the less you pay in premiums for an insurance policy.

Deductibles are not used in life insurance. Deductibles are used in disability income insurance, property insurance, health insurance.


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