The needs approach to evaluate the right amount of life insurance is the most accurate method to determine the proper amount of death benefits.

Question

Quizplus · Accepted Answer

The needs approach takes into consideration various factors such as income, debts, expenses, and future financial goals to determine the appropriate amount of life insurance coverage needed to provide sufficient protection for dependents in case of the policyholder's death. This method is considered the most accurate because it is based on individual circumstances and needs.

The Needs Approach to Evaluate the Right Amount of Life