Which of the following is an adjustment required for a needs analysis?
A)A decline in overall living costs caused by the reduction in household members
B)Future education costs for children
C)Repayment of the mortgage to reduce overhead costs and insurance needs resulting from a decline in overall living costs
D)All of the above
E)None of the above

Question

Quizplus · Accepted Answer

Option A is a change in the economic situation that needs to be factored in the needs analysis. Option B is a future expense that the client needs to account for. Option C is a decision the client has made that will affect their cash flow and insurance requirements. All of these adjustments are necessary for an accurate needs analysis.

Which of the Following Is an Adjustment Required for a Needs