Question

Insurance is purchased to ________________________ .

a.

Obtain financial security

b.

Invest money

c.

Place a bet

d.

Lower tax liability

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Obtain financial security Explanation:Insurance is primarily purchased to obtain financial security or to secure the financial capital of the assured.

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Q. Insurance is purchased to ________________________ .
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