Most People Buy Life Insurance to

question 98

Multiple Choice

Most people buy life insurance to

• A) Pay off a mortgage.
• B) Protect the people who depend on the insured from financial losses caused by his or her death.
• C) Pay for a vacation.
• D) Spend money.
• E) Pay taxes.

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Definitions:

Major Competitors

The top or primary companies that compete in the same industry or market, offering similar products or services.

Strategy

A plan of action designed to achieve a major or overall aim, often involving detailed methodologies to conquer challenges and achieve long-term goals.

Prestige Pricing

A pricing strategy where goods are priced higher to evoke a sense of luxury or exclusivity.

Lamborghini

An Italian brand known for manufacturing luxury sports cars and SUVs, characterized by their high performance and distinctive design.