PSI Ohio Insurance Practice Exam 2025 – Complete Preparation Guide

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What is usually the primary objective of life insurance?

To provide investment opportunities

To cover ordinary health expenses

To ease financial burden on beneficiaries after death

The primary objective of life insurance is to ease the financial burden on beneficiaries after the policyholder's death. Life insurance is designed to provide financial security to the surviving dependents or loved ones of the deceased by offering a death benefit that can be used to cover various expenses such as mortgage payments, living expenses, and other financial obligations. This safety net provides peace of mind, knowing that loved ones will have financial support in a difficult time.

While other choices may contain elements associated with life insurance, such as cash value accumulation or investment opportunities, these are secondary to the core purpose of providing financial protection to beneficiaries. Covering ordinary health expenses is outside the scope of life insurance, as it typically pertains to health insurance or other forms of coverage specifically for medical care.

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To accumulate cash value for the policyholder

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