Answered

Select the correct answer.

Which of the following statements is true about insurance?

A. A person with a few accidents on their driving record will typically pay less for car insurance than someone with no accidents.
B. Life insurance costs are the same for each individual living in a certain area.
C. Co-pays are the monthly payments you make to the insurance company.
D. Higher deductible plans usually carry lower premium costs.



Answer :

GinnyAnswer

Final answer:

Higher deductible plans in insurance typically have lower premium costs, encouraging individuals to reduce risks.


Explanation:

Higher deductible plans usually carry lower premium costs. Deductibles in insurance are the amount the policyholder must pay out-of-pocket before the insurance company pays the rest of the bill. This encourages individuals to take actions to reduce risks, known as the fundamental law of insurance.


Learn more about Insurance here:

https://brainly.com/question/33116677


Other Questions