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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option A

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.

Question posted by Examveda

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