Question 4014 of 303 · California Life-Only Agent Exam
Which method of risk management applies when a family purchases life insurance on the breadwinner?
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 4014
- C: Transfer
Explanation
Life insurance transfers the financial risk of premature death to the insurer.
More questions: Life Insurance Basics
- 4015The personal insurance planning process begins with
- 4016Split dollar life insurance is an arrangement in which
- 4017Deferred compensation plans funded by life insurance are intended to
- 4018Business overhead expense insurance pays
- 4019What is the main purpose of an insurance premium?
- 4020Which of the following is a component of a life insurance premium?