The Method of Determining Life Insurance Requirements That Does Not

question 121

Multiple Choice

The method of determining life insurance requirements that does not ignore such important factors as emergency funds and your liquid assets is called the

• A)easy method.
• B)"family need" method
• C)DINK method.
• D)"nonworking" spouse method.
• E)hard method.

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Definitions:

HDC (Holder in Due Course)

A party that has acquired a negotiable instrument in good faith and for value, therefore enjoying certain legal protections.

Unauthorized

Actions or access that have not been approved or sanctioned by the rightful authority.

Negotiates

The process of discussing and reaching a mutual agreement between parties, often involving the terms and conditions of a contract.

Delivery

The act of transporting goods from one location to another.