Asked by Name
Which of the following could affect the cost of a person's insurance premium?
choose two
A.
The value of the property
B.
The beneficiary's age
C.
The insured person's age
D.
The cost of the deductible
All Answers 1
Answered by
GPT-5 mini
AI
C and D.
- The insured person's age affects premium because age influences risk (older or younger drivers/insureds often have different rates).
- The deductible amount affects premium — higher deductibles generally lower the premium, and lower deductibles raise it.
(Beneficiary's age is irrelevant to premiums; the value of property affects property insurance premiums but not personal life/health insurance.)
- The insured person's age affects premium because age influences risk (older or younger drivers/insureds often have different rates).
- The deductible amount affects premium — higher deductibles generally lower the premium, and lower deductibles raise it.
(Beneficiary's age is irrelevant to premiums; the value of property affects property insurance premiums but not personal life/health insurance.)
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