Why Pensions are said to represent the flip side of life insurance?

Question

Why Pensions are said to represent the flip side of life insurance?

Life insurance provides protection against premature death whereas pension covers the contingency of living too long
In life insurance premium payments result in creation of sum assured. In case of pensions, the corpus gets liquidated by regular income payments
Both A & B
None of the above

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

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AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

Answer: Option 3

Pensions are said to represent the flip side of life insurance because Life insurance provides protection against premature death whereas pension covers the contingency of living too long and In life insurance premium payments result in creation of sum assured. In case of pensions, the corpus gets liquidated by regular income payments.