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Which of the following is not a benefit of life insurance


Which of the following is NOT a benefit of insurance? "Losses due to fraud are eliminated" is NOT a benefit of insurance.

Which of the following is not a benefit of insurance?

The functions of insurance are risk sharing, assisting in capital formation, economic progress, etc. Lending of funds is not a function of insurance.

What are the benefits of life insurance?

Life insurance benefits can help replace your income if you pass away. This means your beneficiaries could use the money to help cover essential expenses, such as paying a mortgage or college tuition for your children. It can also be used to pay off debt, such as credit card bills or an outstanding car loan.

What is not an advantage of life insurance?

There are a few disadvantages involved with buying life insurance, including the fact that you may have to pay high premiums if you have a pre-existing medical condition. In case of a term insurance plan, the policyholder will not receive any maturity benefit if he/she survives the term.

What is not included in life insurance?

Other Reasons Life Insurance Won't Pay Out\n\n Family health history. Medical conditions. Alcohol and drug use. Risky activities.


All the life insurance policies do not provide comprehensive coverage; there are bound to be certain exclusions. For example, your insurance policy may not cover loss of life due to drug overdose or involvement in criminal/illegal activities. In such cases, depending on the type of insurance policy you have purchased and your needs, you may have to buy an additional rider to increase the coverage. The riders will automatically increase the premium amount.




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