What type of protection does life insurance provide?
A. Protects a person and his/her family from the financial loss incurred by a disabling illness or accident. B. Protects family members or business associates from the financial loss incurred by a person s death. C. Protects a person from outliving his/her financial resources. D. Insurance purchased by the owner of a vehicle to cover losses due to traffic accidents or theft.
Life Insurance Adviser who can connect the policy seekers with the right insurance providers.
Thomas Ben, Financial & Insurance Adviser, Higher Education, united kingdom
Answered Oct 04, 2019
B. Protects family members or business associates from the financial loss incurred by a person s death.
Life insurance is a policy agreement between an insured person and an insurance company where a beneficiary gets lump sum money when policyholder passed away. It protects family or business dependents financially.