Question

How is the premium typically calculated for a family floater policy?

a.

Based on the age of the youngest member of the family

b.

Based on the age of the oldest member of the family

c.

Based on the number of dependents covered

d.

Based on the total family income

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Based on the age of the oldest member of the family Explanation:The premium for a family floater policy is typically calculated based on the age of the oldest member of the family proposed for insurance.

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Q. How is the premium typically calculated for a family floater policy?
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