What type of protection does life insurance provide? - ProProfs Discuss
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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.

This question is part of Life Insurance Test
Asked by Monahan, Last updated: Jan 01, 2020

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2 Answers

Thomas Ben

Life Insurance Adviser who can connect the policy seekers with the right insurance providers. https://www.swiftlifeinsurance.co.uk

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.

 

Monahan

Monahan

Answered Jun 05, 2018

Protects family members or business associates from the financial loss incurred by a person s death.
 

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