Q496
Which of the below statement is correct?
A.
Life insurance is sold, not bought
AnswerB.
Life insurance is bought, not sold
C.
Life insurance is neither bought nor sold; it is a necessity and hence should be bought by every individual
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
Is it true Unlike tangible goods which can be seen and experienced before purchase , very few people feel the need for life insurance. Hence, Life insurance is sold, not bought.