The "Family Need" Method of Estimating Life Insurance Includes Factors

question 15

True/False

The "family need" method of estimating life insurance includes factors such as Social Security and liquid assets.

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Definitions:

Psychological Need

An intrinsic desire pertinent to achieving mental well-being, such as the need for esteem, belonging, autonomy, and competence.

Physiological Ailments

Physical diseases or disorders that affect the body's structures or organs.

Factitious Disorder

A mental disorder in which a person acts as if they have a physical or mental illness when they are not really sick, often done to assume the sick role and gain medical attention.

Munchausen Syndrome

is a psychiatric disorder where an individual deliberately produces or fabricates symptoms of illness in themselves for attention or sympathy.