"On first consideration, it might seem that the risk of income loss resulting from premature death is universal. After all,no one lives forever.

"On first consideration, it might seem that the risk of income loss resulting from premature death is universal. After all,no one lives forever.But death does not automatically result in financial loss." Explain why you agree or disagree with this statement.

Q2.  The need for life insurance varies with the individual's lifestyle. How does this need differ for single individuals, childless couples, and persons with children?