Which of the following is a benefit associated with life insurance?

Life insurance serves primarily as a financial safety net for individuals and their families, particularly in the event of an unexpected death. The benefit of providing support for dependents in the event of death is crucial. When someone who has life insurance passes away, the policy typically pays out a death benefit to the beneficiaries, which can help cover living expenses, debts, and other financial obligations. This financial support can be essential for ensuring that loved ones maintain their standard of living and can manage expenses without the deceased's income.

While other options may seem appealing, they do not directly relate to the core purpose of life insurance, which is to provide protection and financial support for dependents. Tax-free growth of investments usually pertains to specific investment vehicles, and immediate cash value upon purchase and investment in real estate are not characteristics typically associated with life insurance policies. Overall, the ability to support dependents in the event of death underscores the fundamental importance of life insurance in personal finance planning.