The need for additional life insurance can be determined by looking at the difference between available resources and family monetary needs.

Question

Quizplus · Accepted Answer

The statement is true. By assessing available resources such as savings, investments, and existing life insurance coverage and comparing it to the financial needs of the family in case of the policyholder's death, one can determine if they need additional life insurance coverage.

The Need for Additional Life Insurance Can Be Determined by Looking