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.
About How Long Should It Take to Receive Life Insurance Money? In order to receive life insurance funds, you must be named as a beneficiary on a life insurance policy. In most cases, you won't be surprised that you're in line to receive life insurance benefits. This is because you're likely to be the beneficiary on only those policies carried by your spouse or parents. Once the carrier of the policy on which you're named as a beneficiary passes away, you'll need to file a benefits claim with their life insurance carrier. This will require you to adhere to the terms of the policy and fill out a fairly involved set of documents.