Select all of the following which correctly describe premium elements The insured can bargain with his/her agent to reduce premiums. They are adjustments for various factors in life insurance premiums. They include the insurer's profits, In calculating premiums, an actuary usually increases the premium to cover the insurer's risk of not predicting future losses accurately. The premium may be reduced so the insured can pay taxes The premium may be reduced because the insurer expects to earn investment income. The premium may be increased to cover the insurer's marketing and administrative expenses