A Life Insurance Company Will Often Require an Applicant to Submit

question 128

Multiple Choice

A life insurance company will often require an applicant to submit to a brief physical exam to assess that person's basic level of health.This practice is a form of _____ to lessen the problem of _____.

• A) diversification;moral hazard
• B) signalling;deductibles
• C) reputation;adverse selection
• D) screening;adverse selection

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Definitions:

Response Cost

A negative punishment technique in which an undesired response results in either the withdrawal of or failure to obtain reinforcement.

Pain-Induced Aggression

Refers to aggressive behavior that emerges as a direct response to experiencing physical pain.

Modeling of Aggression

The process by which individuals learn aggressive behaviors by observing and imitating others, often depicted in media or demonstrated by others in the environment.

Ethically Use

Refers to the principle of applying morals and values to ensure fairness, respect, and integrity in practices and decisions.