Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which of the following best defines insurance?
Which of the following best defines insurance?
- A government program that provides healthcare to the elderly
- A contract between an individual and an insurance company to provide financial protection (correct)
- A process of saving money for future expenses
- A type of investment in stocks and bonds
Which of the following is a common type of insurance?
Which of the following is a common type of insurance?
- Car loan
- Student loan
- Credit card
- Home insurance (correct)
Who typically benefits from having insurance?
Who typically benefits from having insurance?
- Only the government
- Both the individual and the insurance company (correct)
- Neither the individual nor the insurance company
- Only the insurance company
