This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about the needs approach for estimating the amount of life ... (Read 24 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 11, 2018
Which of the following statements about the needs approach for estimating the amount of life insurance to purchase is (are) true?
 
  I. It involves an analysis of various family needs which must be met if a family breadwinner dies.
  II. Its use is appropriate only if a person currently has no life insurance protection.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

The human life value is defined as the
 
  A) present value of a deceased breadwinner's future gross income.
  B) future value of a deceased breadwinner's past earnings.
  C) present value of the family's share of a deceased breadwinner's future earnings.
  D) future value of the family's share of a deceased breadwinner's future earnings.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


TFauchery

  • Member
  • Posts: 500
Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Approach used to determine the evolutionary relationships among many animal species using molecular Approach used to determine the evolutionary relationships among many animal species using molecular
HIV-positive men with a high number of life stressors progress more quickly to AIDS than those with ... HIV-positive men with a high number of life stressors progress more quickly to AIDS than those with ...
RNA polymerase subunit structures in the three domains of life RNA polymerase subunit structures in the three domains of life
Tree of life Tree of life
Life cycle of bacteriophage T4 Life cycle of bacteriophage T4
Butterfly life cycle stages June 6 2023 Butterfly life cycle stages June 6 2023
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library