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

Young people are mostly dependent
Old people can afford to pay more
Mortality is related to age
Mortality is inversely related to age

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 by age, sex, race, and other factors.

In general, mortality rates increase with age. This is because people are more likely to die as they get older. The risk of death from chronic diseases, such as heart disease and cancer, increases with age. Additionally, the risk of accidents and injuries increases with age.

As a result of the higher mortality rates among older people, life insurance companies charge higher premiums for older people. Young people, on the other hand, have lower mortality rates and are therefore charged lower premiums.

Option A is incorrect because young people are not necessarily dependent on others. Many young people are independent and support themselves financially.

Option B is incorrect because old people are not necessarily able to afford to pay more for life insurance. Many old people have fixed incomes and may not be able to afford to pay higher premiums.

Option D is incorrect because mortality is not inversely related to age. As mentioned above, mortality rates increase with age.