Using the Multiple of Income Method to Estimate Life Insurance

question 136

Multiple Choice

Using the Multiple of Income Method to estimate life insurance needs,what is the minimum amount of insurance needed for Susan Smith if her annual income is $60,000?

• A)$60,000
• B)$100,000
• C)$150,000
• D)$200,000
• E)$300,000

---

Definitions:

Averse

Having a strong dislike of or opposition to something.

Younger Sister

A female sibling who is born after another child in the same family.

Elder Sister

A girl or woman who has the same parents as another individual but was born earlier.

False Dilemma

A logical fallacy that presents two options as the only possible choices when in fact more options exist.