Experts Suggest Life Insurance Coverage Should Be Seven to Ten

question 14

True/False

Experts suggest life insurance coverage should be seven to ten times an individual's annual salary.

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Definitions:

Annual Dividend

Annual dividend is the total amount of dividend payments a shareholder receives from a company in one year.

Zero Growth Stock

A stock in a company which is not expected to experience any growth in dividends or earnings and typically pays a high dividend yield.

Required Rate

The minimum return that investors expect or the company estimates it needs to generate from a capital investment or project to consider it viable.

Maximum Price

The highest price that a trader, investor, or consumer is willing to pay for a security or good.