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Author Question: Which of the following statements about the needs approach for estimating the amount of life ... (Read 48 times)

TFauchery

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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.


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mariahkathleeen

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


TFauchery

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

raili21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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