The basic purpose of insurance is to protect you from the financial consequences of losing assets or income due to accident,illness,or death.

Name: The basic purpose of insurance is to protect you from the financial consequences of losing assets or income due to accident,illness,or death.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Insurance helps to mitigate financial risk by paying out in the event of certain accidents, illnesses, or deaths that could otherwise result in the loss of assets or income.

The Basic Purpose of Insurance Is to Protect You from the Financial