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Which of the following statements is true about insurance?

A. Higher deductible plans usually carry lower premium costs.
B. Life insurance costs are the same for each individual living in a certain area.
C. A person with a few accidents on their driving record will typically pay less for car insurance.
D. Co-pays are the monthly payments you make to the insurance company.



Answer :

GinnyAnswer

Final answer:

Insurance terms like deductibles, co-payments, and premiums help individuals understand their coverage options and costs.


Explanation:

Deductibles, co-payments, and premiums are key terms in insurance policies. Deductibles are the amount the insured must pay before the insurer covers the rest. Co-payments are the fixed amount the insured pays for specific services, and premiums are regular payments for coverage.


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