Determining the magnitude of possible losses from a premature death can be complicated.The best method is the

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The needs-based approach is considered the best method for determining the magnitude of possible losses from a premature death because it focuses on the specific financial needs and goals of the deceased's dependents, rather than using more generalized or speculative methods. This approach takes into account factors such as living expenses, debts, education costs, and future savings requirements, providing a more tailored and accurate assessment of financial needs.

Determining the Magnitude of Possible Losses from a Premature Death