Question

What is the purpose of a Term insurance policy?

a.

To provide investment returns

b.

To accumulate savings over time

c.

To satisfy the protection need of the policyholder

d.

To offer health coverage

Answer: (c).To satisfy the protection need of the policyholder Explanation:The primary purpose of a Term insurance policy is to satisfy the protection need of the policyholder by providing a death benefit.

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Q. What is the purpose of a Term insurance policy?

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