Which of the Following Individual Situations Would Best Justify the Cost

question 83

Multiple Choice

Which of the following individual situations would best justify the cost of a life insurance policy?

• A)Single income with young children.
• B)Single income, no dependents.
• C)Dual income, grown children.
• D)Married couple, each having substantial income before retirement.

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Definitions:

Political Disruptions

are events or actions that cause significant changes or interruptions to the usual political activities and processes, potentially leading to instability.

Common Currency

A currency that is used by multiple countries, facilitating international trade and economic stability, like the Euro in the European Union.

Cross-Border Trade

The buying and selling of goods and services between businesses in neighboring countries or regions.

North American Free Trade Agreement (NAFTA)

A trade agreement between Canada, Mexico, and the United States to reduce trade barriers and increase economic collaboration, replaced by USMCA in 2020.