Definition of "Preferred risk"

DELIA COLMENARES real estate agent
DELIA COLMENARES, Real Estate Agent Weichert Realtors HH And Associates

Insured, or an applicant for insurance, with lower expectation of incurring a loss than the standard applicant. For example, an applicant for life insurance who does not smoke can usually obtain a reduced premium rate to reflect his or her greater life expectancy.

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