DWI CPD Test: Is Life Insurance Worth It

1. What is the main purpose of life insurance?

To help people save money for vacations

To increase personal savings

To avoid paying taxes

To provide financial security for loved ones after death

2. How can life insurance help with estate planning?

It allows you to sell property tax-free

It helps avoid all taxes

It replaces the need for a will

It provides a tax-free payout to beneficiaries

3. What is one reason someone might choose whole life insurance?

It offers lifelong coverage and builds cash value

It is the cheapest option available

It covers only medical emergencies

It requires no paperwork

4. What should you consider before purchasing a life insurance policy?

Your preferred travel destinations

Your favorite hobbies

Your financial goals and family needs

The number of social events you attend

5. Which of these is a good reason to buy life insurance early?

You won’t have to renew the policy

Premiums are lower when you’re younger

It guarantees a payout in the first year

It prevents you from needing health insurance