The insurance company undertakes to insures the life of a person in exchange for a sum of money called the .

price

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premium.

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Solution

The correct option is D premium.
The insurance company undertakes to insures the life of a person in exchange for a sum of money called the premium. The life insurance is related to two types of risks:
1. Risk of dying too early.
2. Risk of dying too late.

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The insurance company undertakes to insures the life of a person in exchange for a sum of money called the .

The correct option is D premium.The insurance company undertakes to insures the life of a person in exchange for a sum of money called the premium. The life insurance is related to two types of risks: 1. Risk of dying too early. 2. Risk of dying too late.

The correct option is D premium.
The insurance company undertakes to insures the life of a person in exchange for a sum of money called the premium. The life insurance is related to two types of risks:
1. Risk of dying too early.
2. Risk of dying too late.