what is the primary purpose of life insurance?\na. to pay back your parents for all the money that they…

what is the primary purpose of life insurance?\na. to pay back your parents for all the money that they spent on you if you die.\nb. to help save money when you are unable to work in old age.\nc. to pay us an income if we are ill or injured and are unable to work.\nd. to help maintain the standard of living of those who depend on your income.

what is the primary purpose of life insurance?\na. to pay back your parents for all the money that they spent on you if you die.\nb. to help save money when you are unable to work in old age.\nc. to pay us an income if we are ill or injured and are unable to work.\nd. to help maintain the standard of living of those who depend on your income.

Answer

Brief Explanations:

Life insurance is designed to provide financial support to dependents in the event of the insured's death, ensuring their standard - of - living is maintained. Option A is too narrow in scope, Option B pertains more to retirement savings, and Option C is more related to disability insurance.

Answer:

D. To help maintain the standard of living of those who depend on your income.