23
QuizMultiple Choice

Topic Test

Question 23 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

When shopping for life insurance, you should look for:

Answer
A
A company with a low premium rate and a good rating.
B
A company that gives you benefits, like rewards points.
C
A company with an agent that you like and trust.
D
A company that has many policies to choose from.

Explanation

Compare the premium with the insurer’s financial rating. A low premium helps keep coverage affordable, while a good rating indicates the company is financially reliable and more likely to pay claims. Rewards, a large selection of policies, or a likable agent do not replace those checks.

AI-written and checked against the verified answer.

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