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.
The majority of people in these younger age ranges will opt for a term life insurance policy. Term life insurance will provide protection over a specific period of time. For most people, this is 10 years, 20 years, or 30 years. Since the life insurance carrier knows exactly how long youâll pay your premiums, this is the most cost-effective form of life insurance.