The needs-based approach should be used to determine whether life insurance is needed and how much.

Name: The needs-based approach should be used to determine whether life insurance is needed and how much.
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Quizplus · Accepted Answer

The needs-based approach takes into consideration the individual's financial obligations and dependents to determine the amount of life insurance needed, making it a more accurate method than simply guessing or choosing a random amount.

The Needs-Based Approach Should Be Used to Determine Whether Life