Should you have life insurance and a will?

Should you have life insurance and a will?

Assessment

Interactive Video

Life Skills, Health Sciences, Business, Biology

University

Hard

Created by

Quizizz Content

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The video discusses the importance of life insurance as a financial protection tool, especially for those with dependents. It explains the differences between whole and term life insurance policies and highlights the recent social media trends influencing life insurance decisions. The video warns against replacing retirement planning with life insurance and cautions viewers about potential scams. Additionally, it emphasizes the importance of having a will to ensure assets are distributed according to one's wishes, reducing potential financial and emotional stress for loved ones.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of life insurance?

To provide financial protection to the policyholder

To offer financial support to dependents after the policyholder's death

To replace retirement planning

To cover medical expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of life insurance policy is generally more budget-friendly?

Whole life insurance

Term life insurance

Variable life insurance

Universal life insurance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why has life insurance gained attention on social media recently?

Influencers are promoting it over retirement funds

Because of its role in estate planning

It offers higher returns than savings accounts

Due to its tax benefits

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential risk when selecting a life insurance product?

Life insurance scams

High interest rates

No tax benefits

Limited coverage options

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main function of a will?

To ensure medical care preferences are followed

To reduce tax liabilities

To outline how assets should be distributed after death

To provide life insurance coverage