Have you ever struggled to answer the question “What is the primary purpose for a 401K plan?” in relation to the concept of in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.
What is the primary purpose for a 401K plan?
Options:
- A. Accumulating funds for retirement
- B. Accumulating education funds
- C. Receiving dividends over a certain period of time
- D. Receiving life insurance settlements
The Correct Answer Is:
- A. Accumulating funds for retirement
Conclusion
The answer to your question “What is the primary purpose for a 401K plan?” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various topics of Insurance.