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

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Definitions:

Auto-

A prefix meaning self or same, used in terms that denote self-action, such as autoimmunity.

Self

The total, essential, or particular being of a person; the individual.

Mono-

A prefix meaning one, single, or alone; used in various scientific and medical terms.

Brady-

A prefix used in medical terms to denote slowness, as in bradycardia, which means slow heart rate.