Name several factors insurers consider when setting auto insurance rates. How might you hold down your auto insurance costs?
Answer to relevant QuestionsPeter is away at college and drives the family car only when he comes home on special occasions. How might Peter's family hold down the cost of their auto insurance? What kinds of insurance provide protection against the financial consequences of illness and injury? What part does the elimination period play when planning for adequate disability income protection? What is meant by managed care? Suppose you wanted to leave your dependents with enough funds to pay off the home mortgage. Under what conditions would you prefer decreasing term insurance over group mortgage life, and vice versa?
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