Final answer:
Insurance provides financial protection and peace of mind to individuals or businesses.
Explanation:
Two significant benefits of purchasing insurance:
- Financial Protection: Insurance provides financial protection against unexpected events such as accidents, illnesses, or natural disasters. It helps individuals or businesses mitigate the financial burden of these incidents.
- Peace of Mind: Insurance offers peace of mind by reducing worries about potential risks. Knowing that one is protected by insurance can alleviate stress and allow for better planning for the future.
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