Which of the following are true?
I. Insurance is necessary to cover the risk of living too long.
II. Insurance helps one to be less dependent on others.

A. Only I

B. Only II

C. Both I and II

D. Neither I nor II

Answer: Option A

Solution(By Examveda Team)

Most people buy life insurance to protect against the risks of dying too soon. Now, there are new products offering the same protection if you live too long.