Life Insurance Liabilities Are Generally More Predictable Than Property and Casualty

question 12

True/False

Life insurance liabilities are generally more predictable than property and casualty insurer claims.

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Definitions:

Social Factors

Elements within society that influence the ways in which individuals behave and interact, such as cultural norms, education, and family systems.

Ethical

Pertaining to morals, principles of right and wrong conduct, and the philosophy regarding what is morally right or wrong.

Moral

Relating to principles of right and wrong in behavior, especially within the context of ethics or values.

ALS

Amyotrophic Lateral Sclerosis, a progressive neurodegenerative disease that affects nerve cells in the brain and the spinal cord, leading to muscle weakness and, eventually, loss of motor control.