Risk increases as age increases
It is convenient to the policyholder
It is convenient to the insurer
All of the above
✅ The correct answer is D.
The reason for charging level premiums is Risk increases as age increases, it is convenient to the policyholder and it is convenient to the insurer.
The reason for charging level premiums is Risk increases as age increases, it is convenient to the policyholder and it is convenient to the insurer.