There are many reasons why people buy life insurance.Of these

Question

Quizplus · Accepted Answer

The best reason for people to buy life insurance is to provide protection for their beneficiaries in case of the policyholder's unexpected death. This ensures that their loved ones are financially secure and can cover expenses such as funeral costs and ongoing living expenses without significant financial burden. Forced savings generated by term life insurance and interest returns on ordinary life insurance are secondary benefits and are not essential reasons to buy life insurance. The last option, "none have proven important for most families," is incorrect as protecting beneficiaries is a crucial reason for most families to consider purchasing life insurance.

There Are Many Reasons Why People Buy Life Insurance