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 72 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
Excellent

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

The life cycle of Plagiorhynchus cylindraceus, an intestinal parasite of birds. The life cycle of Plagiorhynchus cylindraceus, an intestinal parasite of birds.
The Many Faces of Life (Part 1) The Many Faces of Life (Part 1)
Situation in a Guy's Life Situation in a Guy's Life
In pretend play, toy figures and animals “come to life” and interact with each other. In pretend play, toy figures and animals “come to life” and interact with each other.
An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ... An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ...
Marine pollution threatens resources and marine life Marine pollution threatens resources and marine life
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library