Using the needs approach to determine the amount of coverage looks from the perspective of the

Name: Using the needs approach to determine the amount of coverage looks from the perspective of the
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The needs approach to determining the amount of coverage primarily looks from the perspective of the beneficiary. It calculates the amount of life insurance coverage needed based on the financial needs that would arise for the beneficiary upon the death of the insured.

Using the Needs Approach to Determine the Amount of Coverage