The primary reason for buying life insurance is to obtain a high-quality investment.

Name: The primary reason for buying life insurance is to obtain a high-quality investment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The primary reason for buying life insurance is to provide financial security for loved ones in the event of the policyholder's death, not as an investment. While some types of life insurance do have investment components, such as cash value or investment opportunities, the main purpose is still to provide life coverage.

The Primary Reason for Buying Life Insurance Is to Obtain