one benefit of life insurance policy is that it serves as...
one benefit of life insurance policy is that it serves as
replacement of earnings after injuries
provision for bad debts
collateral for loans
repair cost of damaged properties
Correct answer is A
Life insurance provides an infusion of cash for dealing with the adverse financial consequences of the insured's death. Life insurance enjoys favorable tax treatment unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary.
The purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured.
The form of term assurance that operates three options which must be excised before maturity is ...
A blanket policy in fidelity guarantee insurance is to cover ...
A loss assessor in a claim settlement process is representing the interest of the? ...
The document issued to Eke within one week of the contract is ...
In an endowment policy, benefits are paid at death or ...
Life policies can be used as a collateral for loan when the policy has? ...