Which of the below is not a factor in determining life insurance premium?
A. Mortality
B. Rebate
C. Reserves
D. Management expenses
Answer: Option B
Solution(By Examveda Team)
Rebate is not a factor in determining life insurance premium. Rebate is a portion of the agent's commission returned to an insured or anything else of value given an insured as an inducement to buy.Related Questions on Insurance
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