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

A Perils are medical factors which influence the risk of dying and hazards are lifestyle activities which influence the risk of dying
B Perils are risks that policyholders will die before a specified date and hazards are factors which could influence that risk
C Perils are factors which affect the risk being insured and hazards are the size of the risk being insured
D Perils are factors which could influence an insured event occurring and hazards are the actual events which will trigger a payout

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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