Question

What is the term used to describe individuals in life insurance who are not subject to any significant factors that would pose an extra risk and are charged ordinary rates?

a.

Standard lives

b.

Sub-standard lives

c.

Hazardous lives

d.

Special lives

Posted under IC38 Life Insurance Agent Exam

Answer: (a).Standard lives Explanation:Individuals in life insurance who are not subject to any significant risk factors and are charged ordinary rates are known as standard lives.

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Q. What is the term used to describe individuals in life insurance who are not subject to any significant factors that would pose an extra risk and are charged ordinary rates?
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