An Insurance Policy Is a Product That

Multiple Choice

An insurance policy is a product that:

A) allows people to pay to reduce uncertainty in some aspect of their lives.
B) involves a company paying individuals very large sums of money if they encounter any risk.
C) involves individuals paying a company to ensure they don't experience any risk.
D) involves individuals paying a regular fee in return for an agreement that the insurance company will cover all expenses associated with risky behavior.