Your First Step in Determining a Life Insurance Program Should

question 58

Multiple Choice

Your first step in determining a life insurance program should be to:

• A) consult a local insurance company agent.
• B) buy as much life insurance as you can afford.
• C) estimate your life insurance requirements.
• D) determine your life insurance objectives.
• E) evaluate the ratings of the insurance company.

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Definitions:

Writ of Attachment

A legal document issued by a court that allows for the seizure of property before the finalization of a lawsuit to secure the potential judgment.

Judgment

A formal decision or order given by a court following a legal proceeding.

Seizure

The act of taking possession of an item, property, or individual by legal authority as a result of a law violation or court order.

Short-Term Loan

A short-term loan is a type of financing that is obtained for a relatively brief period, typically less than a year, to address immediate financial needs.