each question limit is 30-40 words

Answer each question in your own words using full sentences and correct grammar. A one sentence response is not long enough for full marks. Responses must be submitted as an attachment either in .docx or pdf format. If they are not, the assignment will receive zero. If there any plagiarism, even one question, the entire assignment will receive zero. Assignments will be checked through SafeAssign. 1a) What is the purpose of property insurance? 1b) What is the purpose of health insurance? 1c) What is the purpose of disability insurance? 1d) What is the purpose of critical illness insurance? 1e) What is the purpose of life insurance? 2) What is meant by the term liability? 3) What is the primary function of insurance? 4) How can individuals benefit from insurance? 5) People tend to put off the decision to purchase insurance. They might argue that they cannot afford it. They do not want to sacrifice any other type of spending so that they could afford to pay for insurance. Describe your own behaviour when it comes to purchasing any type of insurance. If you do not have any insurance, why not