Which option is not considered a personal benefit of life insurance?

The option that is not considered a personal benefit of life insurance is centered around the business-oriented focus of covering expenses that are associated with a business rather than individual or family needs.

Life insurance is primarily designed to provide financial security and peace of mind for individuals and their families. It ensures that loved ones can maintain their standard of living in the event of an untimely death by providing survivor protection. This benefit is crucial in safeguarding a family's financial future, addressing immediate needs such as mortgage payments, education costs, and daily living expenses.

Additionally, life insurance can facilitate cash accumulation, particularly in whole life or universal life policies, where a cash value component grows over time. This aspect can provide a savings mechanism that policyholders can access during their lifetime, enhancing their financial security.

Catering to retirement needs is also a significant personal benefit of life insurance. Certain policies can be used as part of a comprehensive retirement strategy by providing funds that can supplement retirement income or be accessed through loans against the policy's cash value.

In contrast, covering business expenses, while potentially relevant to business owners who have life policies tailored for that purpose, is not a direct personal benefit. Instead, it addresses the financial needs related to the business's survival and operation, making it distinct