Question

How does an individual's approach to taking risks change as they progress through different stages of the life cycle?

a.

They become more aggressive with age

b.

They maintain a consistent risk profile throughout their life

c.

They become more prudent and careful with investments

d.

They focus on accumulating as much wealth as possible in all stages

Posted under IC38 Life Insurance Agent Exam

Answer: (c).They become more prudent and careful with investments Explanation:As individuals move through different stages of the life cycle, they generally become more prudent and careful about their investments, adjusting their risk profile to secure and consolidate their investments.

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Q. How does an individual's approach to taking risks change as they progress through different stages of the life cycle?
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