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Author Question: What is the length of the readjustment period which is considered when the needs approach is used to ... (Read 45 times)

itsmyluck

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on: Jul 11, 2018
What is the length of the readjustment period which is considered when the needs approach is used to determine the amount of life insurance to own?
 
  A) 3 to 6 months
  B) 1 to 2 years
  C) until the youngest child reaches age 18
  D) until the surviving spouse reaches age 65

Question 2

To calculate a human life value, it is necessary to deduct certain costs from a person's average annual earnings. These costs include
 
  A) funeral costs.
  B) income taxes.
  C) investment income.
  D) pension benefits after retirement.


Tonny

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

Answer: B

Answer to Question 2

Answer: B


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