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Which type of insurance usually requires higher premium?

A. Broad Form insurance

B. Whole life insurance

C. Health insurance

D. Term insurance

Answer: Option A

Solution(By Examveda Team)

Broad Form insurance type of insurance usually requires higher premium. Broad form insurance coverage extends beyond the basics to include rare events that may be of serious risk to the insured. This type of insurance usually requires that a higher premium, and often a deductible, be paid.

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