It is tax rebates
It is a good investment
It is protection for loss of economic value of human life in the event of death or disability
It leads to wealth accumulation
✅ The correct answer is C.
The essential purpose of Life Insurance is protection for loss of economic value of human life in the event of death or disability. The purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured.
The essential purpose of Life Insurance is protection for loss of economic value of human life in the event of death or disability. The purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured.