Question

Securing protection from serious financial risks in return for paying a premium to the underwriter is one reason that consumers should

A. utilize an established bank to obtain long-term loans.B. keep an attorney on retainer to handle legal problems.C. use a licensed stockbroker to maintain their investments.D. maintain adequate insurance for their health and possessions.

Answer 1

When you want to pay premiums to secure yourself from unwarranted risks or warranted risks in the long term, that means that you are seeking for insurance. Consumers should find a reliable insurance companies with good reputation to avoid scams. Even if instances may happen that you suddenly lost your income due to accidents, then the insurance company would compensate for you depending on the premium policy.