What Is the Core Purpose of Buying Insurance

question 71

Multiple Choice

What is the core purpose of buying insurance?

• A) Protect your wealth and assets
• B) Make sure you make money on any claim
• C) Insurance is an expense a careful investor needs to minimize
• D) Make sure you leave an estate when you are gone

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Definitions:

Discrimination

Unfair or prejudiced treatment of individuals based on their race, age, sex, nationality, or other protected characteristics.

Title VII

A section of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Bona Fide Occupational Qualification

A work requirement that is essential for the performance of a job, even if it appears to be discriminatory, because it relates directly to the core operations of the business.

Discriminate

To treat someone differently or less favorably on the basis of certain characteristics, such as race, gender, or disability, which is often considered unlawful.