Question

which are benefits of purchasing insurance? check all that apply.
□ to gain greater confidence and security
□ to avoid having to reduce risky behavior
□ to be prepared for problems or changes
□ to avoid paying costly monthly premiums
□ to have protection if something goes wrong
□ to avoid receiving compensation or payouts

Explanation:

• "to gain greater confidence and security": Insurance provides a safety net, so this is a benefit.
• "to avoid having to reduce risky behavior": Insurance doesn't encourage risky behavior (in fact, some policies may have incentives to reduce risk), so this is not a benefit.
• "to be prepared for problems or changes": Insurance helps cover unexpected issues, so this is a benefit.
• "to avoid paying costly monthly premiums": Purchasing insurance requires paying premiums, so this is not a benefit.
• "to have protection if something goes wrong": This is a core purpose of insurance, so this is a benefit.
• "to avoid receiving compensation or payouts": Insurance is meant to provide compensation when needed, so avoiding that is not a benefit.

Answer:

• to gain greater confidence and security
• to be prepared for problems or changes
• to have protection if something goes wrong