{"id":34526,"date":"2024-01-19T12:09:36","date_gmt":"2024-01-19T12:09:36","guid":{"rendered":"https:\/\/www.greatassignmenthelp.com\/questions\/?p=34526"},"modified":"2024-01-19T12:09:36","modified_gmt":"2024-01-19T12:09:36","slug":"all-of-the-following-are-personal-uses-of-life-insurance-except","status":"publish","type":"post","link":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/","title":{"rendered":"All of the following are personal uses of life insurance EXCEPT."},"content":{"rendered":"

All of the following are personal uses of life insurance EXCEPT.<\/p>\n

\u00a0Select one:<\/p>\n

a. Cash for funeral costs and related expenses<\/p>\n

b. College education for surviving children<\/p>\n

c. To protect a corporation from the financial loss sustained when a key employee dies.<\/p>\n

d. Peace of mind and financial security for a family<\/p>\n

\n

Answer: c. To protect a corporation from the financial loss sustained when a key employee dies.<\/h3>\n

Life insurance primarily functions to ensure financial materialization against unfortunate loss. The main personal uses of life insurance are:<\/p>\n

Option a ) To cover death-related expenses such as funeral and burial fees. With life insurance, you get cash on demand to pay these expenses without having the family members struggle at a time of grieving during their loss.<\/p>\n

Option b) To finance college education for surviving children. Kids can continue their pursuit of higher education despite the death benefit from a life insurance policy being used to pay for future college costs.<\/p>\n

<\/a> Option d) To provide replaced income and future financial stability. In life insurance, a one-time payment is made to replace the income of the deceased in order to preserve family welfare standard. It helps ensure financial stability.<\/p>\n

But life insurance is rarely used in order to insure a corporation against the loss of its best employee. Although firms may take out \u201ckey person\u201d life insurance policies on essential staff, this is classified as a business expense and not personal use of the practice. The aim does not have anything to do with providing benefits for individual or family but securing the company from losing finances . This solution would not be a private life insurance use.<\/p>\n

Overall, the primary personal benefits of life insurance are final expense coverage, children\u2019s education funding and financial protection for a household. By protecting a corporation, it is the business use of life insurance and not personal.<\/p>\n","protected":false},"excerpt":{"rendered":"

All of the following are personal uses of life insurance EXCEPT. \u00a0Select one: a. Cash for funeral costs and related expenses b. College education for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAll of the following are personal uses of life insurance EXCEPT.<\/title>\n<meta name=\"description\" content=\"All of the following are personal uses of life insurance EXCEPT.\u00a0Select one:a. Cash for funeral costs and related expensesb. College education for surviving children\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All of the following are personal uses of life insurance EXCEPT.\" \/>\n<meta property=\"og:description\" content=\"All of the following are personal uses of life insurance EXCEPT.\u00a0Select one:a. Cash for funeral costs and related expensesb. College education for surviving children\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/\" \/>\n<meta property=\"og:site_name\" content=\"Questions - Greatassignmenthelp.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Greatassignmenthelpus\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-19T12:09:36+00:00\" \/>\n<meta name=\"author\" content=\"Jay Cooper\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@assignmentgreat\" \/>\n<meta name=\"twitter:site\" content=\"@assignmentgreat\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jay Cooper\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/\"},\"author\":{\"name\":\"Jay Cooper\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/3a1b105fd8c3db97e016fb16652b9b3e\"},\"headline\":\"All of the following are personal uses of life insurance EXCEPT.\",\"datePublished\":\"2024-01-19T12:09:36+00:00\",\"dateModified\":\"2024-01-19T12:09:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/\"},\"wordCount\":322,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#organization\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/\",\"url\":\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/\",\"name\":\"All of the following are personal uses of life insurance EXCEPT.\",\"isPartOf\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#website\"},\"datePublished\":\"2024-01-19T12:09:36+00:00\",\"dateModified\":\"2024-01-19T12:09:36+00:00\",\"description\":\"All of the following are personal uses of life insurance EXCEPT.\u00a0Select one:a. Cash for funeral costs and related expensesb. College education for surviving children\",\"breadcrumb\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.greatassignmenthelp.com\/questions\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"All of the following are personal uses of life insurance EXCEPT.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#website\",\"url\":\"https:\/\/www.greatassignmenthelp.com\/questions\/\",\"name\":\"Questions - Greatassignmenthelp.com\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.greatassignmenthelp.com\/questions\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#organization\",\"name\":\"greatassignmenthelp\",\"url\":\"https:\/\/www.greatassignmenthelp.com\/questions\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2022\/06\/logo-footer.png\",\"contentUrl\":\"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2022\/06\/logo-footer.png\",\"width\":159,\"height\":52,\"caption\":\"greatassignmenthelp\"},\"image\":{\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Greatassignmenthelpus\",\"https:\/\/x.com\/assignmentgreat\",\"https:\/\/www.pinterest.com\/greatassignment\/\",\"https:\/\/www.linkedin.com\/company\/great-assignment-help\/\",\"https:\/\/www.instagram.com\/greatassignmenthelp\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/3a1b105fd8c3db97e016fb16652b9b3e\",\"name\":\"Jay Cooper\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/90b1a211fe4bf64a5776d70d26f75d0f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/90b1a211fe4bf64a5776d70d26f75d0f?s=96&d=mm&r=g\",\"caption\":\"Jay Cooper\"},\"sameAs\":[\"https:\/\/www.greatassignmenthelp.com\/questions\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"All of the following are personal uses of life insurance EXCEPT.","description":"All of the following are personal uses of life insurance EXCEPT.\u00a0Select one:a. Cash for funeral costs and related expensesb. College education for surviving children","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/","og_locale":"en_US","og_type":"article","og_title":"All of the following are personal uses of life insurance EXCEPT.","og_description":"All of the following are personal uses of life insurance EXCEPT.\u00a0Select one:a. Cash for funeral costs and related expensesb. College education for surviving children","og_url":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/","og_site_name":"Questions - Greatassignmenthelp.com","article_publisher":"https:\/\/www.facebook.com\/Greatassignmenthelpus","article_published_time":"2024-01-19T12:09:36+00:00","author":"Jay Cooper","twitter_card":"summary_large_image","twitter_creator":"@assignmentgreat","twitter_site":"@assignmentgreat","twitter_misc":{"Written by":"Jay Cooper","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/#article","isPartOf":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/"},"author":{"name":"Jay Cooper","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/3a1b105fd8c3db97e016fb16652b9b3e"},"headline":"All of the following are personal uses of life insurance EXCEPT.","datePublished":"2024-01-19T12:09:36+00:00","dateModified":"2024-01-19T12:09:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/"},"wordCount":322,"commentCount":0,"publisher":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#organization"},"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/","url":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/","name":"All of the following are personal uses of life insurance EXCEPT.","isPartOf":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#website"},"datePublished":"2024-01-19T12:09:36+00:00","dateModified":"2024-01-19T12:09:36+00:00","description":"All of the following are personal uses of life insurance EXCEPT.\u00a0Select one:a. Cash for funeral costs and related expensesb. College education for surviving children","breadcrumb":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/all-of-the-following-are-personal-uses-of-life-insurance-except\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.greatassignmenthelp.com\/questions\/"},{"@type":"ListItem","position":2,"name":"All of the following are personal uses of life insurance EXCEPT."}]},{"@type":"WebSite","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#website","url":"https:\/\/www.greatassignmenthelp.com\/questions\/","name":"Questions - Greatassignmenthelp.com","description":"","publisher":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.greatassignmenthelp.com\/questions\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#organization","name":"greatassignmenthelp","url":"https:\/\/www.greatassignmenthelp.com\/questions\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/logo\/image\/","url":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2022\/06\/logo-footer.png","contentUrl":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2022\/06\/logo-footer.png","width":159,"height":52,"caption":"greatassignmenthelp"},"image":{"@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Greatassignmenthelpus","https:\/\/x.com\/assignmentgreat","https:\/\/www.pinterest.com\/greatassignment\/","https:\/\/www.linkedin.com\/company\/great-assignment-help\/","https:\/\/www.instagram.com\/greatassignmenthelp"]},{"@type":"Person","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/3a1b105fd8c3db97e016fb16652b9b3e","name":"Jay Cooper","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.greatassignmenthelp.com\/questions\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/90b1a211fe4bf64a5776d70d26f75d0f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/90b1a211fe4bf64a5776d70d26f75d0f?s=96&d=mm&r=g","caption":"Jay Cooper"},"sameAs":["https:\/\/www.greatassignmenthelp.com\/questions"]}]}},"_links":{"self":[{"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/posts\/34526"}],"collection":[{"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/comments?post=34526"}],"version-history":[{"count":1,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/posts\/34526\/revisions"}],"predecessor-version":[{"id":34527,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/posts\/34526\/revisions\/34527"}],"wp:attachment":[{"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/media?parent=34526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/categories?post=34526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatassignmenthelp.com\/questions\/wp-json\/wp\/v2\/tags?post=34526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}