Question

To properly buy insurance, you should do what?

a.Purchase smaller, individual policies for many different scenarios

b.Buy the most narrowly focused coverage available

c.Buy the broadest coverage available

d.Never purchase a rider for any reason

e.Buy only for those things likely to occur

Answer 1

while buying insurance one should always diversify and look for investment into various specific aspects than one particular aspect.

So one should look for purchasing into smaller amount but for number of different specific scenarios.

So one should be buying for different scenarios rather than buying for most narrowly focused and buying for only those things which are likely to occur because the future cannot be predicted with accuracy.

Show the correct answer would be option A)Purchase smaller, individual policies for many different scenarios