Your Agent Has Told You to Think About Immediate Needs

question 144

Multiple Choice

Your agent has told you to think about immediate needs at the time of death,debt elimination funds,immediate transitional funds,dependency expenses,spousal life income,educational expenses for the children,and retirement income.What has he described?

• A)The multiple earnings need approach
• B)The needs approach
• C)The standard approach
• D)The combination approach
• E)The long-term approach

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Definitions:

Unwed Individuals

People who are not legally married or part of a matrimonial union.

Romantic Partners

Individuals involved in a romantic relationship with each other.

Homogamy

The practice or trend of selecting a life partner who is socially, economically, and culturally similar to oneself.

Propinquity

The proximity or physical closeness between people or places, influencing their likelihood of interaction.