Which of the following statements is (are) true regarding the results of the 2014 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 II is true, as the study found that the average household is underinsured against the risk of premature death. Therefore, option B is the correct choice. Statement I is false, as the study found that the average household is underinsured, not adequately insured.

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