Author Question: All of the following are defects which limit the usefulness of the human life value approach in ... (Read 49 times)

meagbuch · **on:** Jul 11, 2018

All of the following are defects which limit the usefulness of the human life value approach in determining the correct amount of life insurance to purchase EXCEPT

A) The effects of inflation are ignored.
B) Other sources of income for survivors are ignored.
C) Earnings are assumed to remain constant.
D) Earnings during the individual's productive lifetime are ignored.

Question 2

Which of the following is a cost/expense that an estate clearance fund is designed to pay?

A) burial expenses
B) retiring the mortgage
C) education costs
D) income for the widow(er) during the readjustment period