Problem
1. You see an advertisement for life insurance for everyone 50 years of age and older. No medical examination is required. If you are a healthy 52-year old, do you think you will get a good deal from this company?
2. In which of the following are risks being pooled, and in which would risks likely be spread by insurance companies?
(a) Insurance against Alberta's Bow River Valley flooding.
(b) Life insurance.
(c) Insurance for the voice of Avril Lavigne or Celine Dion.
(d) Insuring the voices of the lead vocalists in Metallica, Black Eyed Peas, Incubus, Evanescence, Green Day, and Jurassic Five.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.