Which of the following is NOT an objective of load factors?

The option indicating that attracting new clients with lower premiums is not an objective of load factors is correct. Load factors, in the context of insurance, are primarily used to ensure that the insurer remains financially stable and can meet its obligations. They include elements that provide a safety margin for unexpected mortality losses, cover operational costs, and contribute to overall profitability.

Load factors help set premiums at a level that is sufficient to account for various risks and expenses associated with providing life insurance. For instance, the safety margin protects against higher-than-expected mortality rates, while covering operational costs ensures that the company can maintain its infrastructure and customer service.

While attracting new clients through competitive pricing might be a business strategy, it is not an inherent objective of load factors themselves. Load factors focus more on ensuring that premiums collected will adequately meet the financial needs of the insurance company, rather than directly lowering premiums to attract customers.