eemmieBethle
eemmieBethle eemmieBethle
  • 21-05-2016
  • Business
contestada

For the insured, insurance is fundamentally a form of:
a. tax
b. premium
c. profit
d. security

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elementalblitzrd
elementalblitzrd elementalblitzrd
  • 21-05-2016
D. Security

Without insurance you would have to pay a lot more money for things like medical bills and the cost to replace your house if it ever gets destroyed by a natural disaster. 

It is also kind of a form of premium because in order to have insurance sometimes you have to pay some cash in advance before getting the help of the insurance provider.

It is not a form of profit or tax.
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