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    The benefits of insurance and the portfolio approach

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    When is insurance beneficial? Is Insurance ever not beneficial? Explain your answer.

    Why is the portfolio approach an effective tool to manage risk? Explain your answer.

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    When is insurance beneficial? Is Insurance ever not beneficial? Explain your answer.

    -- Insurance is beneficial for the majority of the population and in the majority of circumstances. One of the main elements regarding insurance is that it is a large area of expense where the company or individual may never experience the actual benefits of payment. The true, actual benefits of payment only take place if the policy is exercised because the policyholder needs to collect for damages or loss covered under the policy. The secondary benefit is knowing that the policyholder is covered under the insurance policy, should the need arise to be able to use the full benefit of the insurance policy. Insurance is beneficial ...

    Solution Summary

    When is insurance beneficial? Is Insurance ever not beneficial? Explain your answer.

    Why is the portfolio approach an effective tool to manage risk? Explain your answer.

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