What is the primary reason for purchasing insurance quizlet?

What is the primary reason for buying life insurance quizlet?

What is the primary reason for buying life insurance? To provide death benefits.

What is the main reasons that people buy insurance quizlet?

Why do people purchase insurance? They get insurance so they can be protected if something bad happens. The insurance company will pay some of the financial cost.

What is the main purpose of life insurance quizlet?

The primary purpose of life insurance is to protect family members of the insured from financial loss in the event of his or her untimely death.

What is the primary reason for employers to purchase insurance plans to provide health benefits?

What is the primary reason for employers to purchase insurance plans to provide health benefits to their employees? Due to the fact that the U.S. does not have a universal health care system, employers purchase health insurance plans as a fringe benefit for their employees.

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What is the primary reason to purchase life insurance?

the primary reason for purchasing life insurance is to provide death benefits.

What is the primary reason to buy life insurance?

Your life insurance gives your family choices by providing the benefits to help pay off debts, to help meet housing payments and ongoing living expenses, to help fund college educations for your children or grandchildren, and much, much more. Life insurance provides cash when it’s needed most.

What is the most expensive time of your life?

For some it can be tough turning 30. But it gets worse for those hitting 34, which for the average person is the most expensive year of their life, says a study published today.

What does the term liable mean ECON lowdown?

What does the term ‘liable’ mean? Responsible. Subject to a policy limit, medical payments coverage will pay your medical expenses or those of anyone else in your car.

What is the intermediary role of insurance in the delivery of healthcare?

Discuss the intermediary role of insurance in the delivery of health care. the insurance function introduces a third party into the transaction between the patient and the provider. Health insurance insulates the consumer from the cost of health care. … Who are the major players in the US health services system?

What is the primary purpose of life insurance quizlet money skills?

Protection against the loss of income that would result if the insured passed away. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured.

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What is the basic purpose of insurance is to provide?

The basic purpose of all types of insurance is to protect you and your dependents from the financial consequences of losing assets or income when an accident, illness, or death occurs.

What is the primary purpose of life insurance money skill?

What is the primary purpose of life insurance? To help maintain the standard of living of those who depend on our income.