The income method,used to calculate your life insurance coverage,multiplies your current annual income by
A) your expenses per month.
B) the number of your dependants.
C) an arbitrary number,such as 10.
D) a present value factor of your future income earning potential.
Correct Answer:
Verified
Q60: Individual health insurance plans
A)duplicate coverage offered by
Q61: Jane and Vitorio are both professionals earning
Q62: What happens if a policyholder with a
Q63: When calculating the amount of life insurance
Q64: Jenny has no dependants,an annual income of
Q66: A disadvantage of whole life policies is
Q67: Which of the following is an important
Q68: Whole life insurance has a premium that
A)declines.
B)is
Q69: Which of the following factors is most
Q70: The budget method for determining the amount
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents