Insurance Answers

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Insurance companies create a pool of funds to handle ______

risk

gain

loss

safety

In what way does a deductible help an insurance company?

It adds to the company’s pool of funds.

It increases consumers' insurance premiums.

It lowers the payout the company has to make.

It reduces consumers' co-payments.

When an insurance company needs to provide a payout, the money is removed from

the consumer’s income.

a bank loan.

a pool of funds.

the consumer’s account.

The basic purpose of insurance is to provide

loans.

prevention.

protection.

liability.

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