Explain the Difference Between a Premium and a Deductible

question 104

Essay

Explain the difference between a premium and a deductible.

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Definitions:

Psychographic Information

Data related to the personality, values, attitudes, interests, or lifestyles of individuals.

Attitude

A psychological construct representing an individual's degree of like or dislike for an item.

Age

The length of time that a person or object has existed, often used as a measure in years.

Gender

A social construct that refers to the roles, behaviors, activities, expectations, and societal norms associated with being male, female, or other gender identities.