Respuesta :

livsaloser

Answer:

Term insurance covers the insured for the stated term of the policy. ... The insured pays premiums on this type of insurance until his death. If a person purchases a twenty-year endowment insurance policy and pays on it for twenty years, at the end of that time he may collect a value based upon his age.

Step-by-step explanation: ts true. hope this helped :)
I believe the answer is: True

For example, every individuals are subjected to the risk of experiencing some sort of health problems, that might cost us a lot of money.

When a person bought a health insurance that person would transfer the financial risk that might occurs because of their health condition to the insurance company. So when that person need treatments, the insurance company would cover the cost.