Since a key purpose of life insurance is to provide for dependents in the event of a main earner's death, it is logical that the amount of insurance purchased should be
A) a significant amount of money.
B) a multiple of the insured's annual earnings.
C) $50,000.
D) as little as possible since insurance is expensive.
Correct Answer:
Verified
Q14: The primary reason a person would buy
Q15: If no one else relies on your
Q16: The beneficiaries of life insurance policies can
Q17: Which of the following does not represent
Q18: Which of the following is a reason
Q20: Life insurance is critical to protect a
Q21: A disadvantage of term insurance is that
A)
Q22: Universal life insurance is similar to whole
Q23: If you want to borrow money from
Q24: Term insurance provided to a designated group
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