The answer is: A. Standard lives
Standard lives are those whose anticipated mortality corresponds to the standard lives represented by the mortality table. They are considered to be the lowest risk group and are charged the lowest premiums.
Preferred risks are those who are considered to be at a lower risk of death than standard lives. They are charged lower premiums than standard lives, but higher premiums than declined lives.
Sub-standard lives are those who are considered to be at a
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