Life insurance differs from all other types of insurance in that:
A) it cannot be purchased by the one who benefits from the loss.
B) it does not pertain to avoiding risk.
C) it is federally insured.
D) it doesn't pay unless there is a loss.
Correct Answer:
Verified
Q30: A company using a risk anticipation strategy
Q31: A small business that buys a fire
Q32: Insurance companies are able to assume so
Q33: When a business owner purchases protection for
Q34: The _ is a transfer of ownership
Q36: A(n)_ is a contract that co-owners often
Q37: _ insurance is protection from loss,theft,or destruction
Q38: _ is the transfer of risk from
Q39: When a risk is evaluated in terms
Q40: A(n)_ attempts to minimize taxes on a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents