Which of the Following Items Are Required in Calculating Your

question 53

Multiple Choice

Which of the following items are required in calculating your life insurance need?

• A)annual income and approximate expenses.
• B)emergency fund.
• C)financial needs.
• D)liquid assets.
• E)annual income and approximate expenses, emergency fund, financial needs, and liquid assets.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, involving logical reasoning and a thoughtful examination of evidence.

Personal Mission Statement

A written declaration of an individual's core purpose and focus that serves as a guide to their actions and decisions.

Self-Assessment

The practice of evaluating one's own abilities, performance, or qualities, often for the purpose of self-improvement.

Critical Thinking

The process of analyzing information and arguments in order to make reasoned judgments that are logical and well thought out.