The Multiple of Income Method of Determining Life Insurance Needs

question 112

Multiple Choice

The Multiple of Income method of determining life insurance needs:

• A)assumes you have only two children.
• B)assumes your spouse does not work.
• C)assumes your insurance needs are complex.
• D)uses your annual income as the sole factor.
• E)assumes your spouse is in an occupation with an uncertain future.

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Definitions:

Conscious

The state of being aware of and responsive to one's surroundings and internal thoughts and feelings.

Superego

In psychoanalytic theory, the part of the personality that acts as the moral center, enforcing ethical conduct and striving for perfection.

Temporary Pleasures

Short-lived moments of enjoyment or satisfaction that do not have long-term effects on one's happiness or well-being.

Self-Improvement

The process of seeking out activities or adopting behaviors that lead to personal growth and positive change.