Which of the below statement is correct?
A. Life insurance is sold, not bought
B. Life insurance is bought, not sold
C. Life insurance is neither bought nor sold; it is a necessity and hence should be bought by every individual
D. None of the above
Answer: Option A
Solution (By Examveda Team)
Is it true Unlike tangible goods which can be seen and experienced before purchase , very few people feel the need for life insurance. Hence, Life insurance is sold, not bought.Related Questions on Insurance
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