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8. Annuity contracts provide insurance against the risk of: death retirement outliving your financial assets none of the above 10. Please fill in the blank.

8. Annuity contracts provide insurance against the risk of:

death

retirement

outliving your financial assets

none of the above

10. Please fill in the blank.

((WHAT??) exists when individuals differ in their probability of loss and insurers cannot distinguish high risk from low risk individuals. High risks will be more likely to purchase insurance than low risks.

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