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.
To help, here are 10 things you absolutely need to know about life insurance: 1  If anyone relies on you financially, you need life insurance. 2  Life insurance does not simply apply a monetary value to someoneâs life. 3  Life insurance is a contract (called a policy). 4  There are four primary players, or roles, in a life insurance policy.