The process of life insurance uses risk pooling to transfer income-related uncertainties from a group of individuals to an insured individual.

Name: The process of life insurance uses risk pooling to transfer income-related uncertainties from a group of individuals to an insured individual.
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Risk pooling in life insurance transfers the financial risk associated with loss of life from an individual to a group of individuals, not from a group to an individual.

The Process of Life Insurance Uses Risk Pooling to Transfer