Question

Which best explains why some people get life insurance and others don't?

Different people are willing to face different kinds of risks.

Life insurance is a cost that has no direct benefit.

Some life insurance companies go out of business before you die.

Some people have more than one life insurance policy.

Answer 1

Different people are willing to face different kinds of risks.

Step-by-step explanation:

In economics this is called a level of risk aversion. If someone has a low level of risk aversion, they are willing to take more risks and are laid back. Someone with a high level of risk aversion will be more cautious about their decisions.

Answer 2

A, different people are willing to face different kinds of risks.