What is the primary purpose of life insurance?
Should you have life insurance and a will?

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Life Skills, Health Sciences, Business, Biology
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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