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1.What are TWO significant benefits of purchasing insurance.
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Verified Answer :

GinnyAnswer

Final answer:

Insurance provides financial protection and peace of mind to individuals or businesses.


Explanation:

Two significant benefits of purchasing insurance:

  1. Financial Protection: Insurance provides financial protection against unexpected events such as accidents, illnesses, or natural disasters. It helps individuals or businesses mitigate the financial burden of these incidents.
  2. Peace of Mind: Insurance offers peace of mind by reducing worries about potential risks. Knowing that one is protected by insurance can alleviate stress and allow for better planning for the future.

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