With the Needs Approach,you Should Take into Consideration Any Additional

question 13

True/False

With the needs approach,you should take into consideration any additional insurance policies that have been taken out on your life.

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Definitions:

Negligence Suit

A legal action brought against an individual or entity accused of failing to exercise a level of care that a reasonably prudent person would in a similar situation, resulting in harm or damage.

Defective Product

is a product that fails to meet safety standards or does not operate as advertised, potentially causing harm to consumers.

Purchased

Acquired by paying money or its equivalent; bought.

Strict Liability

A legal principle where someone is held responsible for damages or loss, regardless of fault or intention, often applied in product liability cases.