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what is the primary benefit people receive in exchange for paying premiums to an insurance company

Answers

Answer 1

Answer:

The insurance company will pay for covered expenses

With premium rates from insurance companies, the overall protection is much more guaranteed than a regular, and perhaps the insurance will cover more than regular insurance.

Answer 2

A benefit that people receive in exchange for paying premiums is that insurance company B.will pay for covered expenses.

What is insurance?

The insurance can be regarded as a process of insuring one's property or life in case of danger or any future problems.

The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.

Therefore, option B is correct because, when people pay their premiums, the company will be available to covered expenses.

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Related Questions

Splish Brothers Inc. reported net income of $394000 for the year. During the year, accounts receivable increased by $29000, accounts payable decreased by $12000 and depreciation expense of $61000 was recorded. Net cash provided by operating activities for the year is

Answers

Answer:

$414000

Explanation:

Calculation to determine what Net cash provided by operating activities for the year is

Net income $394000

Less Receivable increased ($29000)

Less Accounts payable decreased ($12000)

Add depreciation expense $61000

Net Net cash provided by operating activities $414000

Therefore Net cash provided by operating activities for the year is $414000

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