Most people buy life insurance to

Question

Quizplus · Accepted Answer

Life insurance is primarily purchased to protect the people who depend on the insured from financial losses that may arise due to the insured person's death. This includes providing financial support for the insured's family members in the form of paying off debts, covering living expenses, or providing for education and other needs. Other options such as paying for a vacation, spending money, or paying taxes are not the primary reasons for buying life insurance.

Most People Buy Life Insurance to