A Method of Determining How Much Life Insurance You Require

question 72

Multiple Choice

A method of determining how much life insurance you require based on funds your family would require to maintain its lifestyle after your death is called the

• A)earnings multiple approach.
• B)needs approach.
• C)cash liquidity approach.
• D)funds analysis approach.
• E)none of the above.

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Definitions:

Lens

A curved piece of glass or other transparent materials used in devices like glasses, cameras, and microscopes to focus light rays.

Extrasensory Perception

The claimed ability to obtain information without the use of known sensory processes or physical interaction.

Sensory Organs

Specialized organs of the body that are designed to receive and process sensory information, such as eyes for vision and ears for hearing.

Weber's Constant

A principle in psychophysics stating that the smallest perceptible change in a stimulus is proportional to the original intensity of the stimulus.