Dying too young
Dying too early
Natural wear and tear
Living with disability
✅ The correct answer is C.
Dying too early cannot be categorised under risk. Each individual has got a certain financial value attached to his life in the form of his earning potential. If he dies at a young age or during the time when he had an earning potential his family suffers a financial loss in the form of loss of his potential earnings. A lot of his obligations towards the family remain unfulfilled due to his sudden demise. This is called the Risk of Dying too early and it can be protected against by taking life insurance coverage.
Dying too early cannot be categorised under risk. Each individual has got a certain financial value attached to his life in the form of his earning potential. If he dies at a young age or during the time when he had an earning potential his family suffers a financial loss in the form of loss of his potential earnings. A lot of his obligations towards the family remain unfulfilled due to his sudden demise. This is called the Risk of Dying too early and it can be protected against by taking life insurance coverage.