What are some good reasons for a young, healthy, single person to purchase life insurance? The best time to purchase life insurance is when you are young and healthy since the premiums will be the lowest possible O Funerals today are very expensive so why would you want to be a financial burden on your family if you die? O At least with a good insurance foundation in place, you will have some insurance in force regardless of your future health O All of the above Life insurance is not meant to benefit you, its purpose is to protect others in the event of your death. True O False
What are some good reasons for a young, healthy, single person to purchase life insurance? The best time to purchase life insurance is when you are young and healthy since the premiums will be the lowest possible O Funerals today are very expensive so why would you want to be a financial burden on your family if you die? O At least with a good insurance foundation in place, you will have some insurance in force regardless of your future health O All of the above Life insurance is not meant to benefit you, its purpose is to protect others in the event of your death. True O False
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter9: Insuring Your Health
Section: Chapter Questions
Problem 6FPE
Related questions
Question
Transcribed Image Text:What are some good reasons for a young, healthy, single person to purchase life insurance?
The best time to purchase life insurance is when you are young and healthy since the premiums will be
the lowest possible
O Funerals today are very expensive so why would you want to be a financial burden on your family if
you die?
O At least with a good insurance foundation in place, you will have some insurance in force regardless of
your future health
O All of the above
Transcribed Image Text:Life insurance is not meant to benefit you, its purpose is to protect others in the event of your
death.
True
O False
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