Most family heads need substantial amounts of life insurance. However, with limited income, money spent on life insurance reduces the amount of discretionary income available for other high-priority needs.
What an insured person gives up when he or she purchases life insurance instead of using the premium dollars for other purposes is called the
A) estimated cost of life insurance.
B) net cost of life insurance.
C) real (inflation-adjusted) cost of life insurance.
D) opportunity cost of buying life insurance.
Question 2
When using the needs approach, several special needs should be considered. One special need is money to cover unexpected events, such as major car repairs, dental bills, or home repairs. Money set aside for this purpose is called a(n)
A) estate clearance fund.
B) emergency fund.
C) readjustment period fund.
D) mortgage redemption fund.
This solitary tree is an appropriate symbol for the tree of life
Gymnosperm life cycle
life
In middle childhood, children spend increasing amounts of time with peers and friends.
Bolts and screws have many different heads. The head determines what tool is needed.
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?