Question

What does insurance provide protection against when it comes to assets?

a.

Protection against natural wear and tear

b.

Protection against financial losses arising from unexpected events

c.

Protection against all types of losses

d.

Protection against loss or damage of assets

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Protection against financial losses arising from unexpected events Explanation:Insurance provides protection against financial losses arising from unexpected events, not natural wear and tear of assets.

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Q. What does insurance provide protection against when it comes to assets?
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