While Using the Needs Analysis Approach to Determine How Much

question 8

Multiple Choice

While using the needs analysis approach to determine how much life insurance to purchase, you should:

• A) add the financial resources that will be available after your death to your family's total economic needs.
• B) multiply your gross annual earnings by the size of your family.
• C) purchase the equivalent of your current annual income.
• D) divide your gross annual earnings by the size of your family.
• E) deduct the financial resources that will be available after your death from your family's total economic needs.

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