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 individuals who do not earn an income, such as stay-at-home parents. This method takes into account the financial contribution the nonworking spouse makes to the household and determines the appropriate amount of insurance needed to cover their contributions in the event of their death. Therefore, Catherine Carey can use this method to determine her insurance needs as a stay-at-home parent.

Catherine Carey Has Made the Choice to Stay Home and Raise