The Purchase of Term Insurance Is Justified by Which of the Following

question 46

Multiple Choice

The purchase of term insurance is justified by which of the following circumstances?
I.The insured wants to save money through the policy for a specific need.
II.The insured has a temporary need for life insurance protection.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Previous Goals

Objectives or desired outcomes that an individual or group has aimed for in the past.

Expectancy-Value Theory

A psychological theory which explains motivation and behavior as a combination of an individual's beliefs about the likelihood of success and the value they place on that success.

Behavioral Expectations Approach

A perspective that focuses on how individuals’ expectations about the behavior of others can influence their own behavior in social interactions.

Value and Humanistic Psychologists

Psychologists who emphasize the inherent worth of individuals and the importance of personal growth and self-actualization.