Asked by
Ashley Boyer
on Oct 19, 2024Verified
If you want to tilt your savings toward later years, you might be well advised to purchase which of the following types of readily available insurance?
A) Career failure insurance
B) Disability insurance
C) Unemployment insurance
D) Moral hazard insurance
Moral Hazard Insurance
Situations in insurance where the existence of insurance coverage can lead to riskier behavior by the insured, as the consequences of that behavior are partially absorbed by the insurer.
Disability Insurance
A type of insurance that provides financial support to a person who is unable to work because of a disability.
Unemployment Insurance
A government-provided benefit offering temporary financial assistance to unemployed workers who meet certain eligibility requirements.
- Identify insurance types beneficial for long-term financial stability.
Verified Answer
AH
Learning Objectives
- Identify insurance types beneficial for long-term financial stability.