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Author Question: Which of the following statements regarding insurance and gambling is (are) true? I. Insurance is ... (Read 155 times)

Hungry!

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on: Jul 11, 2018
Which of the following statements regarding insurance and gambling is (are) true?
 
  I. Insurance is used to handle existing pure risks, while gambling creates a new speculative risk.
  II. Insurance usually involves risk avoidance, while gambling typically involves only risk reduction.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

In addition to marketing life insurance, life insurers typically sell which of the following products? I. Retirement annuities II. Disability income insurance
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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Ahnyah

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


Hungry!

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Reply #2 on: Jul 11, 2018
Thank you :)


Ahnyah

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Reply #3 on: Jul 11, 2018
Happy to help you


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