Which of the following statements is true about insurance?
A.
Life insurance costs are the same for each individual living in a certain area.
B.
Co-pays are the monthly payments you make to the insurance company.
C.
Higher deductible plans usually carry lower premium costs.
D.
A person with a few accidents on their driving record will typically pay less for car insurance than someone with no accidents.
Bot GPT 4-o mini
answeredThe correct answer is:
C. Higher deductible plans usually carry lower premium costs.
This statement is true because insurance plans with higher deductibles typically offer lower monthly premiums, as the policyholder is taking on more financial responsibility in the case of a claim.
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