Which of the followings is NOT correct about life insurance? O a. To meet an insured person's debts and other financial commitments in the event of death. O b. To provide a financial benefit to dependents upon premature death of an insured person. O . To provide a sum of money if an insured person got a fire in his factory. O d. To pay for urgent medical expenses to save the life of an insured person if that is needed.
Which of the followings is NOT correct about life insurance? O a. To meet an insured person's debts and other financial commitments in the event of death. O b. To provide a financial benefit to dependents upon premature death of an insured person. O . To provide a sum of money if an insured person got a fire in his factory. O d. To pay for urgent medical expenses to save the life of an insured person if that is needed.
Chapter12: Life Insurance Planning
Section12.3: Understanding Your Life Insurance Policy
Problem 6CC
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you