Post Utme Ksu 2017 Commerce Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Ksu Commerce examination.

Post Utme Ksu 2017 Commerce Objective / Multiple Choice
Question 4 POST_UTME_KSU • 2017 • COMMERCE • objective

A life insurance policy is taken out by an individual to provide financial protection for their dependents in the event of their death. The policy pays out a lump sum to the beneficiaries upon the policyholder's death. What is the primary purpose of the life insurance policy?

Answer Options

Correct Answer A. To provide financial protection for the policyholder's dependents.
B. To save for the policyholder's retirement.
C. To invest in the policyholder's business.
D. To reduce the policyholder's tax liability.
Correct Answer
A
Correct Option:
To provide financial protection for the policyholder's dependents.

About This Question

This is Post Utme Ksu 2017 Commerce Question 4. It is one of the objective questions from the 2017 Post Utme Ksu Commerce examination.

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