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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.


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