In making decisions about insurance:
A) using hindsight is the only way to truly know what the right decision was.
B) you must consider it in light of the best information available at the time.
C) you need to weigh the cost of the insurance against the benefit of payouts over the life of the contract.
D) None of these statements is true.

Question

Quizplus · Accepted Answer

Making decisions about insurance requires considering the available information at the time, rather than relying on hindsight. Factors such as cost and potential benefits also need to be weighed in the decision-making process.

In Making Decisions About Insurance