Answered

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Which is generally true regarding insureds who have been classified as preferred risks?

A. They can decide when to pay their monthly premiums.
B. They keep a higher percentage of any interest earned on their policies.
C. Their premiums are lower.
D. They can borrow higher amounts off of their policies.

Sagot :

GinnyAnswer

Final answer:

Preferred risks in insurance generally have lower premiums and can borrow higher amounts against their policies.


Explanation:

Preferred risks in insurance are classified as individuals who are considered to have a lower risk of making a claim. This classification often leads to lower premiums for the insured, making their policies more affordable compared to higher-risk individuals. Insureds classified as preferred risks may benefit from borrowing higher amounts off their policies due to their lower risk profile.


Learn more about Insurance classification and policy advantages here:

https://brainly.com/question/15778273


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