Question

What is the Gross premium in the context of life insurance?

a.

The premium paid by the insured

b.

The premium before any discounts are applied

c.

The premium adjusted for inflation

d.

The premium after the policyholder's death

Answer: (b).The premium before any discounts are applied Explanation:The Gross premium in the context of life insurance is the premium before any discounts or adjustments are applied. It represents the base cost of the insurance coverage without any modifications.

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Q. What is the Gross premium in the context of life insurance?

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