Question

Which among the following scenarios needs insurance?

a.

The sole bread winner of a family might die untimely

b.

A person may lose his wallet

c.

Stock prices may fall drastically

d.

A house may lose value due to natural wear and tear

Posted under IC38 Life Insurance Agent Exam

Answer: (a).The sole bread winner of a family might die untimely Explanation:The sole breadwinner of a family might die untimely. Insurance is not typically needed for other scenarios, as they do not fall under the typical purview of insurance coverage. This scenario typically needs insurance, particularly life insurance, to provide financial protection for the family in case the primary income earner passes away prematurely. Life insurance can help replace the lost income and support the family's financial well-being. So, insurance is needed.

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Q. Which among the following scenarios needs insurance?
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