The income method,basing life insurance needs on multiples of current income,is the most useful method for determining how much life insurance a person should buy.

Question

Quizplus · Accepted Answer

The income method only takes into account the current income and does not consider other factors such as future expenses, debts, or financial goals. A more comprehensive approach is needed to determine the appropriate amount of life insurance needed.

The Income Method,basing Life Insurance Needs on Multiples of Current