Life Insurance
A television set
Iphone
A farmhouse
Answer is Wrong!
Answer is Right!
The correct answer is A. Life insurance is not a tangible good.
A tangible good is a good that can be physically touched or possessed. Examples of tangible goods include a television set, an iPhone, and a farmhouse.
Life insurance is a contract between an insurance policy holder and an insurance company. The policy holder pays a premium to the insurance company, and the insurance company agrees to pay a death benefit to the policy holder’s beneficiaries if the policy holder dies. Life insurance is a financial product, not a tangible good.