An individual's need for additional life insurance can be determined by looking at the difference between his or her family's available financial resources after his or her death and his or her family's total economic needs.

Question

Quizplus · Accepted Answer

This statement is true. Evaluating the financial resources available and the economic needs of the family can help determine if additional life insurance is necessary to provide for their financial security after the insured's death.

An Individual's Need for Additional Life Insurance Can Be Determined