The life insurance needs of beneficiaries are secondary since most proceeds are paid to living policyholders.

Question

Quizplus · Accepted Answer

The life insurance needs of beneficiaries are actually the primary concern, since the purpose of life insurance is to provide financial security for loved ones in the event of the policyholder’s death. While living policyholders may receive some benefits from certain types of life insurance policies, the primary focus is on ensuring that beneficiaries are taken care of.

The Life Insurance Needs of Beneficiaries Are Secondary Since Most