Question on: SS2 Economics - Other Market Agencies
How do insurance companies and pension funds help individuals manage risk?
View related lesson
Ask EduPadi AI for a detailed answer
Insurance companies provide protection against various risks, such as accidents, illness, and natural disasters. Pension funds help individuals save for retirement by investing their contributions in various financial instruments, which can help protect against the risk of outliving their savings.
Add your answer
Please share this, thanks!
No responses