How are perils and hazards normally distinguished under term insurance policies?

How are perils and hazards normally distinguished under term insurance policies? Correct Answer Perils are risks that policyholders will die before a specified date and hazards are factors which could influence that risk

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.
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