Which of the following are true I Insurance is necessary to...

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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.

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