The basic purpose of insurance is to:
A)protect the health of you and your family.
B)protect you and your family from economic losses.
C)supplement the income of you and your family.
D)shield you and your family from bad decisions.
E)protect you and your family from nonfinancial losses.

Question

Quizplus · Accepted Answer

The basic purpose of insurance is to protect individuals and their families from economic losses, such as those resulting from accidents, health issues, or property damage, by providing financial compensation.

The Basic Purpose of Insurance Is To