Vidyalelo
Commerce · Q738

Insurance

Graduate and Post Graduate · Commerce · question 738

Q738

Contingency products typically address which type of need?

A.
Cash requirements
B.
Against uncertainties
Answer
C.
Wealth creation
D.
All of the above

Answer: Option B

Solution

Answer: Option B
Solution:
Contingency products typically address against uncertainties. A contingency is a potential negative event that may occur in the future, such as an economic recession, natural disaster, fraudulent activity or a terrorist attack.