The Easy Method of Determining Life Insurance Is Based on the Rule

question 121

True/False

The easy method of determining life insurance is based on the rule of thumb that a "typical family" will need about 70 percent of a wage-earner's salary for seven years.

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Definitions:

Values

Fundamental beliefs or standards that guide behaviors and decisions in a society or individual.

Ideals

Principles or values that one actively pursues as goals or standards of perfection.

Assumptions

Beliefs or ideas taken for granted without proof in research or argumentation.

Authority-Oriented

Characterized by a focus on following orders, respecting hierarchy, and valuing leadership and structure in decision-making contexts.