Which One of the Following Statements, is Correct, with Regard to 'Sub-Stand ard Lives', under Risk- Classification? Choose the Most Appropriate Option.
A)Sub-Stand ard Lives consist of those Individuals, whose Anticipated Mortality corresponds to the Stand ard Lives, represented by the Mortality-Table.
B)Sub-Stand ard Lives consist of those Individuals, whose Anticipated Mortality is Significantly Lower Than the Stand ard Lives, and hence, could be charged a Lower Premium.
C)Sub-Stand ard Lives consist of those Individuals, whose Anticipated Mortality is Higher Than the Average Lives or Stand ard Lives, but, are still considered to be Insurable.
D)Sub-Stand ard Lives consist of those Individuals, whose Impairments and Anticipated Extra Mortality are So Great, that, they could not be provided the Insurance- Coverage, at an Affordable Cost.

Question

Quizplus · Accepted Answer

Sub-standard lives are individuals who have a higher anticipated mortality rate than standard lives but are still considered insurable, often at higher premium rates to account for the increased risk.

Which One of the Following Statements, Is Correct, with Regard