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    Practicing Financial Planning
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    Exam 5: Health, Homeowners, Automobile, and Liability Insurance: Structure, Concepts, and Planning
  5. Question
    It Is Asserted That People Should Insure Against Significant Risks
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It Is Asserted That People Should Insure Against Significant Risks

Question 39

Question 39

Essay

It is asserted that people should insure against significant risks while assuming small risks themselves. Do you agree with this assertion?

Correct Answer:

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Insuring against small losses wastes val...

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