The Easy Method of Determining Life Insurance Needs Is Based

question 20

Multiple Choice

The easy method of determining life insurance needs is based on the rule of thumb that a "typical family" will need about what percent of a wage-earner's salary for seven years?

• A)20
• B)40
• C)50
• D)70
• E)80

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Definitions:

Bystander Effect

The finding that people are less likely to offer help when they are in a group than when they are alone.

Pluralistic Ignorance

A psychological state where individuals mistakenly believe their thoughts, feelings, or behaviors are different from those of the group, often due to a lack of open communication.

Bystander Effect

A social psychological theory that suggests that individuals are less likely to offer help to a victim when other people are present, often due to a diffusion of responsibility.

Diffusion of Responsibility

The phenomenon where individuals in a group are less likely to take action or feel accountable, assuming that others will do so.