Question

Why does Eli not have insurance? Check all that apply.
His family could not pay the premiums.
His family did not qualify for a special rate.
The plans he needed were not offered in his state.
The insurance company rejected Eli and his family.
His father's financial situation recently had
changed.

Answer 1

Answer:

1. His family could not pay the premiums

2. His family did not qualify for a special rate

5. His father's financial situation recently had changed

Explanation:

it's right

Answer 2

The reasons for which Eli doesn't possess insurance would be:

a). His family could not pay the premiums.

b). His family did not qualify for a special rate.

e). His father's financial situation recently had changed.

• 'Insurance' is characterized as 'the source of obligation that functions to protect the insured individual against any future loss or uncertain event.'
• In order to 'insure' oneself, it requires a certain amount to be paid either in the lump sum at once or in the form of installments.
• In the given situation, Eli and his family's current financial situation is not capable of paying the amount of insurance's premium, and neither he was able to get through the eligibility of application under special rate.
• Therefore, Eli didn't possess enough funds to get an insurance policy for safeguarding his future.

Thus, options a, b, and e are the correct answers.

Learn more about 'Insurance' here:

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