Q1.	How are perils and hazards normally distinguished under term insurance policies?
Perils are medical factors which influence the risk of dying and hazards are lifestyle activities which influence the risk of dying.
Perils are risks that policyholders will die before a specified date and hazards are factors which could influence that risk.
Perils are factors which affect the risk being insured and hazards are the size of the risk being insured.
Perils are factors which could influence an insured event occurring and hazards are the actual events which will trigg