Your need for additional life insurance can be determined by looking at the difference between your family's available financial resources after your death and your family's total economic needs.

Question

Quizplus · Accepted Answer

This statement is true. Additional life insurance can be necessary if the available financial resources, such as savings or retirement accounts, are not sufficient to cover the economic needs of the family, such as mortgage payments or college tuition for children. The difference between these two factors can be a helpful way to assess if additional life insurance is needed.

Your Need for Additional Life Insurance Can Be Determined by Looking