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

Settlement options are not a basic consideration when determining life insurance needs. Settlement options refer to the different ways in which the death benefit can be paid out to the beneficiary, such as a lump sum or installment payments. While settlement options are important to consider when selecting a specific life insurance policy, they are not relevant to determining how much coverage a person needs.

Life Insurance Buying Is a New Experience for Many People