Insurance covers the risk of most certain event _____

Question

Quizplus · Accepted Answer

Insurance primarily covers events that have a degree of uncertainty regarding their timing or occurrence. While death is a certain event for everyone, the timing of death is uncertain, making it insurable. Birth, childhood, and old age are stages of life that, while they can be associated with specific insurance products for protection, do not represent the same level of insurable risk as the uncertainty of the timing of death.

Insurance Covers the Risk of Most Certain Event _____