Which of the following is a common personal use of life insurance?
Explanation
Life insurance is commonly used to cover final expenses (such as funeral and burial costs) and to replace the income a family loses when a breadwinner dies. Insuring a car against collision and covering windstorm property damage are property and casualty functions, not life insurance. Routine physical exams are a health insurance or out-of-pocket matter. Life insurance addresses the financial impact of death, and income replacement is its central personal purpose.
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