Which of the Following Statements About the Capital Retention Approach

question 10

Multiple Choice

Which of the following statements about the capital retention approach for determining life insurance needs is (are) true?
I.It assumes that life insurance proceeds will be liquidated to provide income to survivors.
II.It requires the preparation of a personal balance sheet.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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