Life insurance buying is a new experience for many people. Which of the following is not a basic consideration when determining life insurance needs?

Question

Quizplus · Accepted Answer

Although settlement options are important to consider when purchasing life insurance, they are not a basic consideration when determining life insurance needs. Instead, the basic considerations are whether or not you need life insurance, the amount of coverage needed, the type of life insurance that fits your needs, and shopping around for the best agent and price.

Life Insurance Buying Is a New Experience for Many People