Generally, as annual earnings increase, the cost of insurance automatically decreases.

Name: Generally, as annual earnings increase, the cost of insurance automatically decreases.
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Quizplus · Accepted Answer

This statement is false. The cost of insurance is determined by various factors such as age, health, occupation, and the type of coverage needed, not just annual earnings. In some cases, higher earnings may result in higher insurance premiums, especially for high-risk professions or activities.

Generally, as Annual Earnings Increase, the Cost of Insurance Automatically