One's need for life insurance is generally the greatest during which phase of the life cycle?

Question

Quizplus · Accepted Answer

During the young married with children phase of life, individuals generally have higher financial obligations, such as mortgage payments, childcare expenses, and college tuition for their children. In the event of the unexpected death of a primary wage earner, life insurance can provide financial protection for the family's future expenses and needs. Therefore, the need for life insurance is generally the greatest during this phase of life.

One's Need for Life Insurance Is Generally the Greatest During