Which of the following statements is (are)true regarding the results of the 2016 study by the Life Insurance Market Research Association (LIMRA)on the adequacy of life insurance owned by households in the United States?
I.The average household is adequately insured against the risk of premature death.
II.The average household is significantly underinsured against the risk of premature death.

Question

Quizplus · Accepted Answer

The statement "the average household is significantly underinsured against the risk of premature death" is true according to the 2016 study by the LIMRA. Therefore, only statement II is true and statement I is false.

Which of the Following Statements Is (Are)true Regarding the Results