Why Are Group Policies Often Offered at Reduced Premiums

question 21

Multiple Choice

Why are group policies often offered at reduced premiums?

• A)Low marketing costs
• B)Mass volume efficiency
• C)Lower probability of payout by the insurance company.
• D)All of the above
• E)Both a and b

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Definitions:

Neuroticism

A personality trait characterized by a tendency to experience negative emotions such as anxiety, anger, or depression.

Comprehensive System

An inclusive and thorough framework or method, often used to describe a complete approach to solving a problem or managing a process.

Big Five

A model describing five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Sympathy

The feeling of compassion or concern for the hardships that another person encounters, often leading to a desire to alleviate their suffering.