Life insurance provides funds for beneficiaries in the event of an insured person’s death. Policy proceeds are intended to replace the insured’s lost wages and/or to fund their dependents’ future financial needs.
Standard detail
MR.8
Depth 1Parent ID: 8FC0A0FDB3254E7FA51807D9C489789CStandard set: 12th Grade
Original statement
Quick facts
- Statement code
- MR.8
- List ID
- 8
- Standard ID
- 73A44A26ADDA47BD8A2C15605714EA24
- Subject
- Personal Financial Education (2021)
- Grades
- 12
- Ancestor IDs
- 8FC0A0FDB3254E7FA51807D9C489789C
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US