Post Utme Babcock University 2018 Commerce Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice
Question 36 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

A life insurance policy pays a lump sum to the beneficiary upon the policyholder's death. What is the primary purpose of this type of insurance?

Answer Options

A. To provide financial support during retirement
B. To cover funeral expenses
C. To pay off outstanding debts
Correct Answer D. To provide a lump sum to the beneficiary
Correct Answer
D
Correct Option:
To provide a lump sum to the beneficiary

About This Question

This is Post Utme Babcock University 2018 Commerce Question 36. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

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