Questions from Financial Markets

Q: What is the difference between term life insurance and whole life insurance

What is the difference between term life insurance and whole life insurance?

Q: What risks do property and casualty insurance policies protect against?

What risks do property and casualty insurance policies protect against?

Q: What is the purpose behind reinsurance?

What is the purpose behind reinsurance?

Q: Distinguish between defined-benefit and definedcontribution pension plans.

Distinguish between defined-benefit and definedcontribution pension plans.

Q: Why have private pension plans grown rapidly in recent years?

Why have private pension plans grown rapidly in recent years?

Q: What is a pay-as-you-go pension plan

What is a pay-as-you-go pension plan?

Q: Why is Social Security in danger of eventually going bankrupt?

Why is Social Security in danger of eventually going bankrupt?

Q: Why do people choose to buy insurance even if their expected loss

Why do people choose to buy insurance even if their expected loss is less than the payments they will make to the insurance company?

Q: Why do insurance companies not allow people to buy insurance on personally

Why do insurance companies not allow people to buy insurance on personally unrelated risks?

Q: What is information asymmetry, and how does it affect insurance companies

What is information asymmetry, and how does it affect insurance companies?