Purchasing ________ insurance is a relatively low cost way of protecting yourself from lost income due to an accident or prolonged illness.
A) flexible term
B) health
C) contingent annuity
D) disability

Question

Quizplus · Accepted Answer

Disability insurance provides coverage for lost income due to an accident or prolonged illness. It is specifically designed to protect individuals from financial hardships that may arise from a disability, and is a relatively low cost way to ensure that your income is protected. Flexible term insurance and contingent annuity insurance do not provide coverage for lost income due to disability, while health insurance only covers medical expenses and may not fully cover lost income.

Purchasing ________ Insurance Is a Relatively Low Cost Way of Protecting