The prices of life insurance policies: A. vary considerably from policy to policy. B. are relatively...

The prices of life insurance policies:

		A. vary considerably from policy to policy.
		B. are relatively the same for all policies.
		C. are higher for females than males.
		D. have remained constant over time.
		E. are set by the government here in the United States.

Expert Solution

A. vary considerably from policy to policy.

The prices of life insurance policies are variable from policy to policy and company to company. A price of policy depends on some general factors like Age of person, gender, policy coverage and it's maturity terms, also in some policies health also considerable. What type of policy he or she has brought. All these are factors which is affected to prices variable in life insurance policies.

Life insurance is a contract between insurance company or insurer and policy holder or insured.

Example of life insurance policies: variable life insurance policies, term life insurance, accident life insurance whole Life insurance policies and etc.

jeff jeffy answered 2 years ago

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