Having proper life and disability insurance protection is a key 'hedge' against your biggest asset - your ability to earn income throughout your working lifetime. You are considering your own insurance protection now that you have a few working years under your belt, and you want to ensure that you 'right size' the amount of insurance you buy. A) What two main elements on your economic balance sheet would you need to refer to when determining what your life insurance needs are?  B) What one additional element on your balance sheet might reduce the amount of insurance that you need to purchase?C) In what case(s) may it make sense to consider using whole life or universal life insurance instead of Term insurance