The only reason a person would buy life insurance is to eliminate or substantially reduce the financial consequences of that person's death by providing income to his or her dependents.
Correct Answer:
Verified
Q2: Life insurance may be obtained through all
Q4: Disadvantages of term insurance are that it
Q5: Life insurance proceeds are not used to
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Q9: Life insurance may not be that important
Q10: Term life insurance is considered temporary insurance,
Q13: Term insurance will provide most of a
Q15: If no one else relies on your
Q17: Which of the following does not represent
Q18: Which of the following is a reason
Q19: Since a key purpose of life insurance
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