In the life insurance model, morbidity risk differs from mortality risk by the circumstances surrounding the actual death event.

Name: In the life insurance model, morbidity risk differs from mortality risk by the circumstances surrounding the actual death event.
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Morbidity risk refers to the risk of a person becoming ill or disabled, while mortality risk is the risk of death. The distinction does not involve the circumstances surrounding the actual death event.

In the Life Insurance Model, Morbidity Risk Differs from Mortality