Which of the following is not a reason to buy cash-life insurance?

Question

Quizplus · Accepted Answer

Protection against declaration of bankruptcy is not a reason to buy cash-life insurance. Cash-life insurance policies, such as whole life, universal life, and variable life insurance, are primarily designed for long-term financial goals, including forced savings, tax savings, and benefiting from professional investment management. They do not specifically provide protection against the declaration of bankruptcy.

Which of the Following Is not a Reason to Buy