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Health and Life Comprehensive Exam

?

Which of the following statements about the average number of people who die each year is true?

It is called the predictability rate
It is called the principle of indemnity
It is called the mortality rate
It is called the principle of life insurance

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)
Life insurance is based on the mortality rate, which is the statistical probability of death in a large population of insureds

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