Which of the below is the most appropriate explanation for the fact that young people are charged lesser life insurance premium as compared to old people?

The correct answer is C. Mortality is related to age.

Mortality is the probability of death in a given population. It is typically measured as the number of deaths per 1,000 people per year. Mortality rates vary depending on a number of factors, including age, sex, race, and socioeconomic status.

In general, mortality rates increase with age. This is because older people are more likely to have chronic diseases and other health conditions that can lead to death. In addition, older people are more likely to experience accidents and injuries.

As a result of the higher mortality rates among older people, they are charged higher life insurance premiums than younger people. This is because life insurance companies need to charge higher premiums to cover the risk of death.

The other options are not correct. Option A is incorrect because young people are not necessarily dependent on others. Option B is incorrect because old people may not be able to afford to pay more. Option D is incorrect because mortality is not inversely related to age.