What Happens to the Premiums for Yearly Renewable Term Insurance

question 19

Multiple Choice

What happens to the premiums for yearly renewable term insurance as an insured gets older?

• A)They increase at an increasing rate.
• B)They increase at a decreasing rate.
• C)They decrease at a constant rate.
• D)They remain level.

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Definitions:

Withdrawal

The act of removing oneself from a substance or activity, often referring to the physiological and psychological effects of ceasing drug use.

Monosynaptic

describes a reflex arc that involves only one synapse between the sensory and motor neurons, allowing for a very fast response.

Average Reaction Time

The typical amount of time it takes for an individual to respond to a stimulus.

Random Interval

A method of scheduling in which events or actions are conducted at unpredictable time periods.