It pertains to a risk management technique when acquiring a life insurance. * risk avoidance risk retention risk transfer answer not given

Liabilities are the owner's claim on assets.  Group of answer choices True False

Why would an insured inflate claims and who are the ones to suffer for it?

All of the following statements about life insurance company investments are true EXCEPT income from these investments reduces the cost of insurance. funds for these investments are derived primarily from premium income, investment earnings, and maturing investments that must be reinvested. a primary objective in making these investments is safety of principal. the majority of these investments are short-term investments.

Give some examples of an insurable interest and explain why they are insurable.

TRYE OR FALSE   1- Insurance should be considered as a last resort in risk management ,and should be used only.   2- The probability that a loss may or may not occur is the most important factor in deciding what should be done about a risk.

Which type of insurance has no cash value? Term life insurance Universal life insurance Variable life insurance O All of the above have cash values

All of the following statements about life insurance company investments are true EXCEPT income from these investments reduces the cost of insurance. funds for these investments are derived primarily from premium income, investment earnings, and maturing investments that must be reinvested. a primary objective in making these investments is safety of principal. the majority of these investments are short-term investments.

Name a peril that is often excluded from an home or auto insurance policy.  Why is the peril included in an insurance policy

Which of the following is not an example of an asset? 
   Group of answer choices Supplies. Accounts receivable. Prepaid Insurance. Deferred revenues.