Primerica Life Insurance Practice Exam 2025 – The All-in-One Guide to Master Your Certification!

The primary purpose of life insurance is to provide financial protection to beneficiaries upon the insured's death. Life insurance serves as a safety net, ensuring that loved ones or dependents are financially secure when the policyholder passes away. The death benefit paid out by the insurance provider can help cover a variety of expenses that might arise from the loss of income, such as mortgage payments, daily living expenses, funeral costs, and other financial obligations. This critical function of life insurance highlights its role in providing peace of mind for the policyholder, knowing that their beneficiaries will not face financial hardship after their passing.

The other options focus on financial tools or goals that are not the primary functions of life insurance. While saving for retirement, paying for college tuition, or investing in the stock market are important financial strategies, they do not align with the fundamental goal of life insurance, which is specifically designed to offer support in the event of death rather than to serve as an investment or savings vehicle.