The reason for charging level premiums is

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The reason for charging level premiums is

A. Risk increases as age increases

B. It is convenient to the policyholder

C. It is convenient to the insurer

D. All of the above

Answer: Option D

Solution (By Examveda Team)

The reason for charging level premiums is Risk increases as age increases, it is convenient to the policyholder and it is convenient to the insurer.

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