The easy method of determining life insurance is based on the rule of thumb that a "typical family" will need about what percent of a wage-earner's salary for seven years?

Question

Quizplus · Accepted Answer

The rule of thumb suggests that a typical family will need about 70% of a wage-earner's salary for seven years to maintain their standard of living after the wage-earner's death.

The Easy Method of Determining Life Insurance Is Based on the Rule