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which of the following factors is not considered when calculating premium in life ...

which of the following factors is not considered when calculating premium in life assurance policy
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Expense
  • B Mortality
  • C Interest
  • D Losses
Correct Answer: Option A
Explanation:
There are several factors used to determine your life insurance premiums, including the following:

Age. Age is probably the single primary factor that determines your life insurance premiums. ...

Gender.
Physical condition.

Smoking.
Your medical history.
Your family's medical history.

Occupation.

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