Which of the Following Is NOT a Factor That Affects

question 63

Multiple Choice

Which of the following is NOT a factor that affects the price a company charges for a life insurance policy?

• A) The company's cost of doing business.
• B) The return on its investments.
• C) The mortality rate it expects among its policyholders.
• D) The policy features.
• E) All of these affect the price.

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Definitions:

Warranty Of Merchantability

A guarantee implied by law that goods sold will be fit for their ordinary purpose.

Disclaimer

A statement that denies something, especially responsibility, or a statement that specifies limits to a particular area of knowledge or information provided.

Warranty Of Merchantability

assures that a product sold by a merchant is fit for the general purpose for which it is sold, meeting a buyer's reasonable expectations.

Conspicuous

Something easily seen or noticed; clearly visible or attracting attention due to its distinctiveness.