The multiple-of-earnings method of determining life insurance needs is simple to use but can be unreliable.

Name: The multiple-of-earnings method of determining life insurance needs is simple to use but can be unreliable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The multiple-of-earnings method only takes into account the insured's income and does not consider other factors such as debts, future expenses, and financial goals. As a result, it may not provide an accurate estimate of the amount of life insurance needed.

The Multiple-Of-Earnings Method of Determining Life Insurance Needs Is Simple