10. The reasons of buying life insurance are: i. To ensure immediate family members are able to maintain the same standard of living upon the demise of the breadwinner ii. To ensure the policyholder has extra income when his earnings are reduced due to serious illness or accident iii. To finance children education iv. To have a saving plan for the future and have a constant source of income upon retirement A. i and ii B. i,i and iii C. i,ii and iv D. All of the above

10. The reasons of buying life insurance are: i. To ensure immediate family members are able to maintain the same standard of living upon the demise of the breadwinner ii. To ensure the policyholder has extra income when his earnings are reduced due to serious illness or accident iii. To finance children education iv. To have a saving plan for the future and have a constant source of income upon retirement A. i and ii B. i,i and iii C. i,ii and iv D. All of the above

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter12: Life Insurance Planning

Section12.3: Understanding Your Life Insurance Policy

Problem 6CC

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