What is the most common approach for rating life insurance applicants who are determined to be substandard risks?

Insurance

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What is the most common approach for rating life insurance applicants who are determined to be substandard risks?

A) Issuing a policy in the amount applied for, but crediting its values with lower interest rates.

B) Issuing a policy of less than the amount applied for, with a lower than standard premium.

C) Issuing a policy in the amount applied for, but reducing the amount paid out as a death benefit.

D) Issuing a policy in the amount applied for, with a higher than standard premium.

Answer: Issuing a policy in the amount applied for, with a higher than standard premium.

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