Which is a correct statement about life insurance?

Question

Quizplus · Accepted Answer

Studies have shown that people are more likely to actively seek health insurance than life insurance, as they may not see it as a pressing need.

Answer: False (for B)
 Both private and public sources offer life insurance policies, including employers and government-funded programs.

Answer: False (for C)
 While life insurance can be beneficial for single individuals, it is not necessarily important for all individuals in this situation.

Answer: False (for D)
 There are multiple types of life insurance policies, including term life, whole life, and universal life.

Answer: True (for E)
 Consumer awareness of life insurance has changed over the years, with more individuals seeing its importance in protecting their loved ones and assets.

Which Is a Correct Statement About Life Insurance