The method of determining life insurance requirements that considers factors such as Social Security and your liquid assets is called the:

Question

Quizplus · Accepted Answer

The "family need" method is the most comprehensive and accurate method for determining life insurance requirements. It considers factors such as Social Security, liquid assets, debts, and ongoing expenses to ensure that the family has enough coverage to maintain their lifestyle in case of the insured's death. The other methods listed may overlook crucial factors or oversimplify the calculation.

The Method of Determining Life Insurance Requirements That Considers Factors