Catherine Carey has made the choice to stay home and raise her three kids while her husband works. She wants to determine her insurance need. What method was specifically designed for someone in her situation?

Question

Quizplus · Accepted Answer

The nonworking spouse method is specifically designed for someone who chooses to stay home and take care of their children while their spouse works. This method takes into account the working spouse's income and insurance needs, as well as the nonworking spouse's need for life insurance to cover expenses in the event of their death. Therefore, this is the best choice for Catherine Carey in this situation. The other options are not relevant or appropriate in this context.

Catherine Carey Has Made the Choice to Stay Home and Raise