What should a consumer consider when deciding whether to purchase a new insurance policy? A. Whether it has the highest possible deductible compared to other policies
B. Whether it has the highest possible premiums compared to other policies
C. Whether its potential benefits are worth more than its premiums over time
D. Whether its premiums are worth more than its potential benefits over time
What should a consumer consider when deciding whether to purchase a new insurance policy?
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The correct answer is C. Whether its potential benefits are worth more than its premiums over time.
When considering a new insurance policy, consumers should evaluate if the coverage and benefits provided by the policy justify the cost of the premiums they will pay. This assessment helps ensure they are making a financially sound decision that meets their needs. Evaluating both the potential benefits and long-term costs will aid in selecting a policy that provides good value.