Q283
Which of the following are true?I. Insurance is necessary to cover the risk of living too long.II. Insurance helps one to be less dependent on others.
A.
Only I
AnswerB.
Only II
C.
Both I and II
D.
Neither I nor II
Answer: Option A
Solution
Answer: Option A
Solution:
Most people buy life insurance to protect against the risks of dying too soon. Now, there are new products offering the same protection if you live too long.