Question: 14. Risk retention is appropriate when (1 point)- 15. A life insurance policy is different in one essential respect from other insurance policies. Explain. (Do

14. Risk retention is appropriate when (1 point)- 15. A life insurance policy is different in one essential respect from other insurance policies. Explain. (Do not merely define life insurance. Also, the answer is not that the insurance is paid to someone else. You might have car insurance that pays someone else because of your accident). (2 points)

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