Which One of the Following Methods, is, a Traditional Method, that can Help Determine the Insurance, needed by an Individual?
A)Human Property-Value
B)Life-Term Proposition
C)Human Life-Value
D)Future Life-Value

Question

Quizplus · Accepted Answer

The Human Life-Value approach is a traditional method used to estimate the amount of life insurance an individual needs. It calculates the present value of future earnings that would be lost to the family in the event of the premature death of the insured.

Which One of the Following Methods, Is, a Traditional Method