Which of the following statements is (are) true regarding the results of the 2014 study by the Life Insurance Market Research Association (LIMRA) on the adequacy of life insurance owned by households in the United States?

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Which of the following statements is (are) true regarding the results of the 2014 study by the Life Insurance Market Research Association (LIMRA) on the adequacy of life insurance owned by households in the United States?

The average household is adequately insured against the risk of premature death.

The average household is significantly underinsured against the risk of premature death.

A) I only

B) II only

C) both I and II

D) neither I nor II

Answer: B) II only

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