Question: What strategy requires insurance companies to charge a level premium for the duration of the life insurance policy, regardless of the fact that the cost

What strategy requires insurance companies to charge a level premium for the duration of the life insurance policy, regardless of the fact that the cost of insurance may actually be higher or lower than the policy premium for any particular year? 1. Law of Agency. 2. Law of Large Numbers. 3. Risk control. 4. Risk pooling

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