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Discussion :: Insurance Awareness

  1. Which type of insurance usually requires higher premium?
  2. A.
    Broad Form insurance
    B.
    Whole life insurance
    C.
    Health insurance
    D.
    Term insurance

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    Answer : Option A

    Explanation :

    'Broad Form Insurance' is an Insurance coverage that extends beyond the basics to include rare events that may be of serious risk to the insured. This type of insurance usually requires that a higher premium, and often a deductible, be paid.


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