n NISM Certifications
NSM General NISM
Medium

What is the primary purpose of life insurance products?

Practice question from IC 38 Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To increase earnings

  2. B

    To create an estate for the insurer

  3. To provide protection against financial loss due to death or disability

    Correct answer

  4. D

    To offer a fixed return on investment

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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