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There are many financial institutions in the financial system with its own characteristics. a. What risks are faced by a life insurance? Explain. b. Why

There are many financial institutions in the financial system with its own characteristics.

a. What risks are faced by a life insurance? Explain.

b. Why does a life insurance fail/bankrupt? Explain and give example.

c. How to manage risks which face by a life insurance (avoiding bankruptcy)? Explain and give example.

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