Purpose of Life Insurance.What is the purpose of lifeinsurance? Do you think everyone needs lifeinsurance? Explain.

Lifeinsurance:(Select the best answerbelow.)

A.

providesforotherinsuranceexpenses.

B.

providesapaymenttothepolicyholder'schildrenwhenthepolicyholderdies.

C.

allowsindividualstoeliminateanyinheritancefordependents.

D.

allowsindividualstoeliminateorsubstantiallyreducethefinancialconsequencesoftheirdeathondependents.

Does everyone need lifeinsurance?(Select the best answerbelow.)

A.

Yes, all people need life insurance.

B.

Yes, all legal adults need life insurance.

C.

No, only those with children need life insurance.

D.

No, only those with financial dependents need life insurance