Answer:
The cost of insurance can be quite high especially for life insurance if obtained when one has a medical condition but can at least alleviate anxiety of spouses who worry about their financial security if their partner dies early. because then they can get financial help to pay for mortgages/rent etc. Also, for car insurance, the premiums can be high but if one gets in an accident, especially if one does not have fault, then the cost of repairs and some medical treatment will be paid.
Brainliest plz
Answer: Insurance provides an infusion of cash for dealing with the adverse financial consequences of the insured's death. Life insurance enjoys favorable tax treatment unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary.
Explanation:
