The multiple-of-earnings approach addresses only the ____ needs in life insurance needs evaluation.

Question

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The multiple-of-earnings approach is designed to calculate the amount of life insurance needed to replace the income of the insured in the event of premature death. Therefore, it only addresses income-replacement needs in life insurance needs evaluation. It does not address other important needs such as debt repayment, final expenses or readjustment period.

The Multiple-Of-Earnings Approach Addresses Only the ____ Needs in Life