If Your Financial Plan Objective Is to Provide Your Family

question 87

Multiple Choice

If your financial plan objective is to provide your family with the most insurance benefit in the event of your untimely death, you should purchase

• A) decreasing-term insurance.
• B) term insurance.
• C) universal life insurance.
• D) whole life insurance.

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Definitions:

Eclectic Approach

A method that combines elements from different theories or approaches, often used in psychological therapies.

Freud's Therapy

A form of psychoanalytic therapy developed by Sigmund Freud which aims to explore the unconscious mind to reveal and resolve conflicts and traumas.

Psychological Disorders

A wide range of mental health conditions that affect mood, thinking, and behavior, often leading to distress or impairment in daily functioning.

Cognitive-behavioral Therapy

A psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors to address and manage mental disorders.