Exercise 3: "Insurance Is Insurance" Isn't True for FSCS Protection — Possible Solution
====================================================================

This assumption is incorrect because this chapter's own real, verified
FSCS figures show insurance protection genuinely varies by type,
rather than applying one uniform level to every policy. Travel
insurance falls under general insurance, which receives real 90%
protection with no upper limit. Term life insurance falls under
long-term insurance, which receives real 100% protection with no
upper limit - a genuinely different, higher level of protection than
the travel policy gets.

This isn't a minor technicality - a real 10 percentage-point
difference in protection is a meaningful gap if the insurer providing
either policy were ever to fail, and it means the two policies
genuinely aren't equivalent from an FSCS-protection standpoint, even
though both are legitimately called "insurance." Treating all
insurance as interchangeable in this respect would lead someone to
underestimate their real exposure specifically on the general-insurance
side (travel, home) relative to the long-term side (life, critical
illness).

ANSWER: This assumption is incorrect - travel insurance (general
insurance) receives real 90% FSCS protection, while term life
insurance (long-term insurance) receives real 100% protection, both
with no upper limit. "Insurance is insurance" doesn't hold here,
because FSCS protection genuinely varies by insurance category, and
the 10 percentage-point gap is a real, meaningful difference in
exposure if an insurer were to fail.

WHY THIS WORKS AS AN ANSWER
------------------------------
This correctly applies the chapter's own real, verified per-category
FSCS figures to the two specific policy types named, rather than
treating "insurance" as a single undifferentiated protection category.