37) Commercial paper that is sold without going through a broker or dealer is known as A. book-entry - Answered by a verified Financial Professional Finance Have Finance Questions?
Life insurance is usually used to protect your income for the benefit of your dependents (although there are other reasons to purchase life insurance, such as for estate planning). You should in most cases purchase life insurance when you have dependents or when you have a large outstanding debt such as a mortgage.
If you want life insurance to provide for your loved ones if you die unexpectedly, itâs important to know how to buy life insurance. For most people, the affordable option is term life insurance, which pays out a death benefit to your designated beneficiaries if you die within the term of your policy agreement.