American_Bankers_Association
CTFA · Question #322
Life insurance is intangible. You can't see, smell, touch or taste its benefits and those benefits mainly happen when someone is died. However, life insurance does have some important benefits that…
The correct answer is B. Financial protection from dependents C. Vehicle for savings. See the full explanation below for the reasoning.
Estate Planning
Question
Life insurance is intangible. You can't see, smell, touch or taste its benefits and those benefits mainly happen when someone is died. However, life insurance does have some important benefits that should not be ignored in the financial planning process. Which of the following is out of those benefits?
Options
- AProtection from debtors
- BFinancial protection from dependents
- CVehicle for savings
- DInterest benefit
How the community answered
(54 responses)- A7% (4)
- B74% (40)
- D19% (10)
Topics
#life insurance benefits#financial planning#dependent protection#savings vehicle
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