Which of the Following Statements About Policies Sold to Preferred

question 1

Multiple Choice

Which of the following statements about policies sold to preferred risks is (are) true?
I.Preferred risks are people whose mortality experience (deaths per thousand at a given age) is expected to be more favorable than average.
II.Insurers require preferred risks to purchase at least a minimum amount of life insurance,such as $250,000.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II