Consider the following unusual insurance products. For each one, determine whether you think this insurance product could exist in the marketplace, or whether it would be subject to moral hazard or adverse selection (or both).
a. GPA insurance for people with 4.0 GPAs after two years of college that pays out if you ever have a semester with a GPA lower than 3.50.
b. GPA insurance for anyone that pays out if you ever have a semester with a GPA lower than 3.50.
c. Loneliness insurance that pays out if you reach a certain age and still have not married.
d. Toe-stubbing insurance that pays out any time you stub your toe.
e. Insurance that pays out if and only if you get hit and killed by a school bus.