The primary purpose of life insurance is to provide:

Question

Quizplus · Accepted Answer

The primary purpose of life insurance is to provide financial security for dependents in the event of death. Life insurance provides a death benefit to the beneficiaries named in the policy if the insured dies. This benefit can be used to pay for living expenses, mortgage payments, or any other financial obligations that the insured may have had. It is not meant to be a tax-advantaged investment or high-yield investment, nor does it provide liquidity to expand business operations.

The Primary Purpose of Life Insurance Is to Provide