1. Distinguish between the dying-too-soon problem and the living-too-long problem and the best ways to address each.
2. List five types of needs that can be addressed through life insurance.
3. Explain why the multiple-of-earnings approach is less accurate than a needs-based approach to life insurance planning.
4. Identify two periods in a typical person's life cycle when the need for life insurance is low and one when it is high.