What is the primary purpose of Ordinary Life insurance?

The primary purpose of Ordinary Life insurance is to provide financial protection and benefits to the policyholder's beneficiaries upon the policyholder's death. This type of insurance is designed primarily as a risk management tool, ensuring that in the event of the policyholder's untimely passing, their loved ones will receive a death benefit that can help cover expenses such as funeral costs, outstanding debts, and ongoing living expenses.

While Ordinary Life insurance may have some elements that allow for cash value accumulation over time, its main function is to provide a safety net for the beneficiaries. This focus on death benefit distinguishes it from other financial products that may emphasize savings or investment opportunities, which are not the primary intent of Ordinary Life insurance. Thus, the emphasis on financial protection for beneficiaries is the key reason why this choice is the correct answer.