5
QuizMultiple Choice

Life Insurance

Question 5 • LVA - Mathematical Modeling - Spring

When looking at a rate table for supplemental term life insurance, what are the rates based on?

Answer
A
where the insured was born
B
the marital status of the insured
C
where the insured lives
D
the age of the insured

Explanation

Supplemental term life insurance rates are generally based on the insured person’s age, since the likelihood of a claim increases as a person gets older. So the correct choice is “the age of the insured.”

AI-written and checked against the verified answer.

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