The purchase of most life insurance policies is motivated primarily by a need for death protection.Which of the following can be cited as an exception to this general rule?

Question

Quizplus · Accepted Answer

Single-premium life insurance is an exception because it is often purchased not primarily for death protection but as an investment or savings vehicle, where a lump sum is paid upfront to immediately create a cash value.

The Purchase of Most Life Insurance Policies Is Motivated Primarily