Life insurance should be bought primarily

Question

Quizplus · Accepted Answer

The primary reason for buying life insurance is to provide protection from financial losses. It ensures that your loved ones or dependents can maintain their lifestyle and have financial security in case of your unexpected demise. While it may have some tax benefits or investment advantages, those should not be the primary reasons to buy life insurance. It's not an ideal gift either as it is a complex financial product that needs to be carefully chosen based on your needs and circumstances.

Life Insurance Should Be Bought Primarily