The correct answer is: C. Life insurance.
A contingency product is a financial product that provides a payout in the event of a certain event, such as death, disability, or loss of employment. Life insurance is a type of contingency product that pays out a death benefit to the beneficiaries of the insured person in the event of their death.
Shares are a type of security that represents ownership in a company. When you buy shares, you become a part-owner of the company. Bonds are a type of loan that you make to a company or government. When you buy bonds, you are lending money to the issuer of the bond, and they agree to pay you back with interest over a set period of time. Bank deposits are a type of savings account that you hold at a bank. When you deposit money into a bank account, the bank agrees to hold your money safe and to pay you interest on your deposit.
Shares, bonds, and bank deposits are all financial products, but they are not contingency products. They do not provide a payout in the event of a certain event. Life insurance is the only option that is a contingency product.