Which of the following is a reason for purchasing life insurance?

Purchasing life insurance primarily serves to provide financial security for individuals' loved ones in the event of the policyholder's death. One key reason for acquiring life insurance is to cover funeral expenses, which can be significant and often place a financial burden on family members during a difficult time. Additionally, life insurance can serve as a means to provide for dependents, ensuring that they have the necessary financial resources to maintain their quality of life, pay bills, or meet future expenses, such as education.

While the other options may address important financial needs, they do not specifically capture the essence of what life insurance is designed for. Future healthcare costs relate more to health insurance coverage. Property protection against fire concerns property insurance rather than life insurance. Accumulating savings for retirement typically aligns with other financial products like annuities or retirement accounts. Thus, option B stands out as the most relevant reason for purchasing life insurance.