Which of the following best describes the benefits of having insurance?
A) Insurance combined with emergency savings provides a sense of financial security and
peace of mind
B) It is required by law to purchase insurance so the benefits do not matter
C) The policyholder no longer has to worry about paying for financial losses resulting from
an accident because all risk of financial loss is transferred to the insurance company
D) The policyholder may become better off financially if an accident occurs
