The life insurance needs of beneficiaries are secondary since most proceeds are paid to policyholders.

Question

Quizplus · Accepted Answer

The life insurance needs of beneficiaries are actually the primary concern, as the primary purpose of life insurance is to provide financial protection for loved ones in the event of the policyholder's death. While the policyholder may receive some benefits during their lifetime, the primary focus is on providing for the needs of beneficiaries when the policyholder passes away.

The Life Insurance Needs of Beneficiaries Are Secondary Since Most