The Needs Approach to Determining the Amount of Life Insurance

question 13

Multiple Choice

The needs approach to determining the amount of life insurance considers a family's:

• A) gross income.
• B) ability to pay off debts.
• C) special financial needs.
• D) financial liquidity.
• E) all of these

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Definitions:

Unplanned Pregnancy

An unplanned pregnancy occurs when a woman becomes pregnant without intending to prior to conception, often leading to challenging decisions and adjustments.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, leading to distorted perceptions of reality.

Emotion-focused Coping

A stress management strategy that involves trying to reduce negative emotional responses associated with stress such as embarrassment, fear, anxiety, depression, excitement, and frustration.

Problem-focused Coping

A strategy aimed at addressing the root cause of stress by changing the situation or how one interacts with it.