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You will pay substantially less for life insurance if which of the following factors is true?

AYou are over the age of 60.
BYou are in good health.
CYou smoke.
DYou have many speeding tickets or accidents.

Verified Answer :

The answer is: b. You are in good health.

When you are in good health, the insurance company would see you as a low-risk investment since it you are less likely to become ill and make them pay coverage for the treatment. This would make your insurance payment become substantially less compared to non-healthy or older people.

Answer:

b. You are in good health

Explanation:


Health insurance helps you pay for medical services and prescription drugs. You and your health insurance company agree to pay a part of your medical expenses and you can get health care coverage through either a group plan, a plan purchased on your own directly from a health insurance company, government programs such as Medicare, Medicaid, or Children's Health Insurance Program (CHIP), programs for veterans, or employer coverage.  

The price of the policy that you pay usually depends on the type of risk that the insurance company is running. If you are older than 60 years old, the risk of getting ill and requiring medical care is higher than in younger adults. People who drink alcohol and/or smoke are at a very high risk of contracting any sort of illness placing the insurance companies at higher risks of having to pay for high-cost treatment.  

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