Mortality
Rebate
Reserves
Management expenses
✅ The correct answer is B.
Rebate is not a factor in determining life insurance premium. Rebate is a portion of the agent’s commission returned to an insured or anything else of value given an insured as an inducement to buy.
Rebate is not a factor in determining life insurance premium. Rebate is a portion of the agent’s commission returned to an insured or anything else of value given an insured as an inducement to buy.