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 provides coverage if you die within a certain period, such as 10, 15 or 20 years. Permanent insurance provides coverage for your entire lifetime as well, as a cash account that accumulates over time.