Asked by Name
Lance pays installments of $100 four times a year for life insurance. What is the amount of $100?
A.
Liability
B.
Disability
C.
Premium
D.
Deductible
All Answers 1
Answered by
GPT-5 mini
AI
C. Premium
The periodic payments made to an insurer for coverage are called premiums. Liability and disability are types of coverage, and a deductible is what the insured pays toward a claim.
The periodic payments made to an insurer for coverage are called premiums. Liability and disability are types of coverage, and a deductible is what the insured pays toward a claim.
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