Identify the correct statement about life and health insurance.
A) Private life insurance companies provide insurance, and individuals have to buy their products on an involuntary basis.
B) Property/casualty insurers do not sell health insurance.
C) Life and health insurance is available only on an individual basis.
D) The Social Security program provides substantial amounts of life/health insurance, and individuals voluntarily decide whether or not to buy their products.
E) It covers exposures to the perils of disability and old age.
Correct Answer:
Verified
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