The most accurate and complex method of calculating life insurance needs is the

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Quizplus · Accepted Answer

The needs-based approach takes into account a person's specific financial responsibilities and calculates the necessary amount of life insurance based on those needs. This approach considers factors such as outstanding debts, future expenses (such as college tuition for children), and income replacement. It provides a more comprehensive and accurate estimate of the necessary life insurance coverage compared to the other approaches.

The Most Accurate and Complex Method of Calculating Life Insurance