Your life insurance ________ is/are based on the insurer's estimate of the probability that you will die during the policy period.

Name: Your life insurance ________ is/are based on the insurer's estimate of the probability that you will die during the policy period.
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Question

Quizplus · Accepted Answer

Risk classification is the process used by insurers to estimate the probability of an insured event, such as death, occurring during the policy period. This estimation helps determine the premiums and terms of the life insurance policy.

Your Life Insurance ________ Is/are Based on the Insurer's Estimate