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Life insurance companies pool the risk of individual customers and thereby diversifies away some of the Blank _ _ _ _ _ _ , making

Life insurance companies pool the risk of individual customers and thereby diversifies away some of the Blank

______,

making the cost of their services lower than what any individual could achieve by saving funds on his

/

her own.

Multiple choice question.

systemic risk

casualty risk

customer

-

specific risk

company

-

specific risk

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