An advantage of the income-multiple method to determining how much life insurance is needed is its

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The income-multiple method is a simple method for determining how much life insurance is needed. It involves multiplying the insured's annual income by a multiple, typically ranging from 5 to 10. This method is easy to use and understand, and it provides a reasonable estimate of the amount of life insurance needed to replace the insured's income in the event of their death.

An Advantage of the Income-Multiple Method to Determining How Much