Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the primary reason why insurance is a good source of investment funds? the premiums are much higher than the insurer needs to pay

image text in transcribed
What is the primary reason why insurance is a good source of investment funds? the premiums are much higher than the insurer needs to pay losses and expenses insurers can invest premiums until they are needed to pay losses insurance enhances the availability of credit for borrowers insurance encourages loss prevention, which frees up money to invest that would otherwise be used to pay for losses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Supernatural Provision Living In Financial Freedom

Authors: Joan Hunter, Sid Roth

1st Edition

1641238232, 978-1641238236

More Books

Students also viewed these Finance questions

Question

Explain the forces that influence how people handle conflict

Answered: 1 week ago