The needs approach to determining life insurance amounts considers which of the following?

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Quizplus · Accepted Answer

The needs approach to determining life insurance amounts takes into account all three factors: immediate financial needs, debt elimination funds, and dependency expenses. By considering these factors, individuals can determine how much coverage they need to cover their financial obligations and provide for their loved ones in the event of their death.

The Needs Approach to Determining Life Insurance Amounts Considers Which