Question

What is the main reason behind the idea of insurance?

a.

To anticipate and predict events

b.

To cause economic loss and grief

c.

To provide aid to affected individuals

d.

To create a system of sharing and mutual support

Posted under IC38 Life Insurance Agent Exam

Answer: (d).To create a system of sharing and mutual support Explanation:The main reason behind the idea of insurance is to create a system of sharing and mutual support.

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Q. What is the main reason behind the idea of insurance?
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