Which of the Following Is Not an Advantage of an Individual

question 14

Multiple Choice

Which of the following is not an advantage of an individual insurance policy?

• A)Flexibility
• B)Portability
• C)Tax advantages
• D)All of the above are advantages
• E)Both a and b are not advantages

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Definitions:

Expected Utility

A concept in economics that calculates the utility expected from an investment, considering all possible outcomes.

Standard Deviation

A measure of the dispersion of a set of data from its mean, indicating how spread out the values in a data set are.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, marking preferences of equal utility.

Risk-Averse

A characteristic describing an investor or decision-maker who prioritizes avoiding loss over making a gain, typically favoring safer investments.