All of the following are defects which limit the usefulness of the human life value approach in determining the correct amount of life insurance to purchase EXCEPT
A) The effects of inflation are ignored.
B) Other sources of income for survivors are ignored.
C) Earnings are assumed to remain constant.
D) Earnings during the individual's productive lifetime are ignored.
Correct Answer:
Verified
Q6: Which of the following pieces of information
Q7: Sarah is using the needs approach to
Q8: What is the length of the readjustment
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Q10: Jessica is an agent for LMN Life
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Q13: To calculate a human life value,it is
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Q16: Which of the following statements about premature
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