Life insurance functions as a risk management tool by providing a death benefit to loved ones, which can replace lost income and cover financial obligations like mortgages or college education costs if the policyholder passes away.

Authors

• Person: Not available Organization: Pax Financial Group
  How Insurance and Risk Management Fit Into Your Financial Plan

Sources

• How Insurance and Risk Management Fit Into Your Financial Plan paxfinancialgroup.com Pax Financial Group via serper

Referenced by nodes (2)

• death benefit concept
• risk management concept