a. The needs approach is widely used for determining the amount of life insurance to purchase. Describe
Question:
1. Cash needs
2. Income needs
3. Special needs
b. Explain the capital retention approach for determining the amount of life insurance to own.
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a 1 An estate clearance fund is immediately needed when a family head dies Cash is ...View the full answer
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Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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