erw7,Chapter Xy0Quiz: Final Exam Part 2 × ayson.instructure.com/courses/12311/qu

Question

erw7,Chapter Xy0Quiz: Final Exam Part 2 × ayson.instructure.com/courses/12311/quizzes/71201/take Hear the tracks youv D Question 1 In all kinds of permanent insurance, the premiums buy O a savings or investment component O a degree of financial risk as well as insurance protection. value for the dollar peace of mind Question 2 Which of the following is a good reason to buy life insurance? All of the above are good reasons to provide funds for business partners to provide funds for a charity to provide funds for dependents

Explanation / Answer

1) a savings or investment component

a typical permanent insurance policy includes an investment or savings component and a component which provides the insurance protection in the event of accident or accident. The savings component is accumulated and the fund value is paid at the maturity, if the policy holder survives. In case of death or any other qualifying event, insured value and the fund value are paid.

2) To provide funs for dependents

The primary objective Life Insurance is to provide for dependents in case of death or disability, which may create a situation of financial distress for the dependents.

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