3-3 The process of life insurance uses risk pooling to transfer income-related uncertainties from a group of individuals to an insured individual.

Name: 3-3 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 involves spreading financial risk across a large group of policyholders, not transferring it to an individual.

3-3 the Process of Life Insurance Uses Risk Pooling to Transfer