Which one of the following statements is correct?

A. People hesitate to buy life insurance because they are not aware of their needs

B. People hesitate to buy life insurance because they prefer to enjoy the present

C. Both the statements are correct

D. Both the statements are wrong

Answer: Option C

Solution(By Examveda Team)

Both the statements are correct.
People hesitate to buy life insurance because they are not aware of their needs and people hesitate to buy life insurance because they prefer to enjoy the present.