From the following, which is the importance of life Insurance?

Question

Question: From the following, which is the importance of life Insurance?

Options:

1.  Encourage investments
2.  Credit work ness
3.  Tax benefit
4.  All of these

Answer 1

4. All of these

Encourage investments, credit work & Tax benefit are importance of life Insurance.

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More information:

Life Insurance is a financial coverage linked with human life, like death, disability, accident, retirement etc.

The policy pays out a lump sum amount (death benefits) in the event of unfortunate death of policyholder. It can help the person's family.

Encourage investments, credit work & tax benefit are also importance of life Insurance.