A weakness of the income-multiple method used to determine life insurance needs is its assumption that
A) everyone with the same income has the same life insurance needs.
B) individuals have different life insurance needs.
C) existing household resources can be used for support by the surviving family members
D) the more insurance you can afford, the better.
Correct Answer:
Verified
Q17: If all other factors are equal, how
Q18: If all other factors are equal, how
Q19: If all other factors are equal, how
Q20: An advantage of the income-multiple method to
Q21: The most effective method for determining how
Q23: Which of the following would not be
Q24: The _ method allows you to analyze
Q25: The _method analyzes your life insurance needs
Q26: Jason earns $50,000 per year. If he
Q27: Violet earns $160,000 per year and has
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents