Which of the following items are required in calculating your life insurance need?

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Quizplus · Accepted Answer

To calculate life insurance need accurately, all of these items are necessary. Annual income and approximate expenses are needed to determine the amount of financial support that the policy should provide to your dependents. Emergency funds and liquid assets should be considered to ensure that your dependents have access to immediate finances in case of unexpected situations. Financial needs, such as outstanding debts and future expenses, should also be taken into account to ensure that your dependents do not fall into financial trouble after your demise.

Which of the Following Items Are Required in Calculating Your