Q.

Which One of the Following Statements, is Correct, with Regard to 'Sub-Standard Lives', under Risk- Classification? Choose the Most Appropriate Option.

A. Sub-Standard Lives consist of those Individuals, whose Anticipated Mortality corresponds to the Standard Lives, represented by the Mortality-Table.
B. Sub-Standard Lives consist of those Individuals, whose Anticipated Mortality is Significantly Lower Than the Standard Lives, and hence, could be charged a Lower Premium.
C. Sub-Standard Lives consist of those Individuals, whose Anticipated Mortality is Higher Than the Average Lives or Standard Lives, but, are still considered to be Insurable.
D. Sub-Standard Lives consist of those Individuals, whose Impairments and Anticipated Extra Mortality are So Great, that, they could not be provided the Insurance- Coverage, at an Affordable Cost.
Answer» C. Sub-Standard Lives consist of those Individuals, whose Anticipated Mortality is Higher Than the Average Lives or Standard Lives, but, are still considered to be Insurable.
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Insurance Exam (LIFE)

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