If losses from a premature death exceed resources available,life insurance is probably needed.

Question

Quizplus · Accepted Answer

Life insurance provides financial support to the beneficiaries in case of premature death of the insured. If the potential losses from such a death exceed the financial resources available to the beneficiaries, then life insurance can help cover those costs and provide a financial safety net for the family. Therefore, if one's dependents would suffer financial hardship in case of the policyholder's sudden demise, life insurance is a good way to ensure their financial security.

If Losses from a Premature Death Exceed Resources Available,life Insurance