Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Which of the following terms means the frequency of premium payment?

A. Installment
B. Mode
C. Term
D. Option

Sagot :

GinnyAnswer

Final answer:

Mode is the term that signifies the frequency of premium payment. Installment involves dividing a total amount into smaller payments over time. Option refers to a choice in financial agreements.


Explanation:

Mode refers to the frequency of premium payment in insurance. It indicates how often premiums are paid, such as monthly, quarterly, or annually.

Installment refers to dividing a total amount into smaller, scheduled payments, like paying for a product or service in installments over a period of time.

Option is a choice or alternative available in a financial agreement but does not specifically denote the frequency of premium payment.


Learn more about Insurance premium payment here:

https://brainly.com/question/37741391


Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.