one benefit of life insurance policy is that it serves as...
one benefit of life insurance policy is that it serves as
replacement of earnings after injuries
provision for bad debts
collateral for loans
repair cost of damaged properties
Correct answer is A
Life insurance provides an infusion of cash for dealing with the adverse financial consequences of the insured's death. Life insurance enjoys favorable tax treatment unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary.
The purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured.
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Which of the following conditions must be met before an insurer is under obligation to pay claim ...
A clause that prevents the insurer from paying under a policy if the insured killed himself is? ...
The reason for issuing certificate of motor insurance is that, it is ...
Life policies can be used as a collateral for loan when the policy has? ...
The maximum aount to be paid for kayode's shop that was damged is ...