Scott Cumbie believes he has a 'typical' family and wants to determine his life insurance need. What method would probably be the fastest method for him to use to calculate his insurance need?

Question

Quizplus · Accepted Answer

The easy method would be the fastest for Scott Cumbie to use since he has a typical family, which means he likely does not have any complicated financial situations or dependents with special needs. The easy method involves multiplying his annual income by a factor of 10 and adding any debts or final expenses that need to be covered. This will give him a general idea of his life insurance needs.

Scott Cumbie Believes He Has a 'Typical' Family and Wants