what is the primary purpose of life insurance?\na. to pay us an income if we are ill or injured and are…

what is the primary purpose of life insurance?\na. to pay us an income if we are ill or injured and are unable to work.\nb. to help save money when you are unable to work in old age.\nc. to pay back your parents for all the money that they spent on you if you die.\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 us an income if we are ill or injured and are unable to work.\nb. to help save money when you are unable to work in old age.\nc. to pay back your parents for all the money that they spent on you if you die.\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 case of the insured's death, helping them maintain their standard - of - living. Option A is more about disability insurance, B is about retirement savings, and C is not the main purpose of life insurance.

Answer:

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