Which of the Following Age Groups Would Not Be Likely

question 70

Multiple Choice

Which of the following age groups would not be likely to make a change in lifestyle in response to a hypothetical impending death?

• A)16-20
• B)20-39
• C)40-59
• D)60+

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Definitions:

Premium Rate

The rate charged for an insurance policy, typically a periodic payment based on the level of coverage and risk factors.

Coinsurance Clause

A provision in an insurance policy that requires the insured to bear a portion of the costs of a claim, typically after the deductible has been met.

Premiums

Payments made regularly to an insurance company for coverage, often monthly or yearly.

Coinsurance Clause

A provision in an insurance policy that determines the percentage of the cost a policyholder is responsible for after the deductible is met.