Contrast Permanent and Temporary Insurance

question 49

Essay

Contrast permanent and temporary insurance.Provide at least two characteristics that are unique to each.

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Definitions:

Optimistic

Having a positive outlook or expectation about future outcomes or the general situation.

Future Earnings

The projected income a person or company is expected to generate in the future.

Public Saving

The portion of the government's revenue that remains after accounting for government spending.

Private Saving

The portion of households' income that is not spent on consumption but saved for future use.