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What is the main function of life insurance?
  • a)
    Protection against property loss
  • b)
    Coverage for medical expenses
  • c)
    Income during retirement
  • d)
    Compensation for accidental death or injury
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the main function of life insurance?a)Protection against prope...
The main function of life insurance is to provide income during retirement. Life insurance policies are designed to ensure that policyholders have financial security in their later years when they are no longer working. By paying regular premiums, individuals can build up a cash value in their policy that can be used to supplement their retirement income.
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What is the main function of life insurance?a)Protection against property lossb)Coverage for medical expensesc)Income during retirementd)Compensation for accidental death or injuryCorrect answer is option 'C'. Can you explain this answer?
Question Description
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