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.
Term life insurance is an ideal coverage option for the following scenarios: 1  You need a low-cost source of income replacement to protect family members who depend on your salary. 2  You want to keep your life insurance costs to a minimum. 3  You just bought a home. 4  You just had a baby.  You just got a new job.