Question
hoose the best answer: Quantitative assessment of the need for life assurance: Options for Question 3: A) The quantitative assessment of the need for life
hoose the best answer:
Quantitative assessment of the need for life assurance:
Options for Question 3:
A) The quantitative assessment of the need for life assurance is made in three stages. The first step is to determine the capital required to generate sufficient income to maintain the standard of living of the deceaseds family for the required period. Then, it is necessary to subtract the liquidity available to the universal heirs residual and the value of the assets whose sale is anticipated from the amount obtained to obtain the insurance capital to be subscribed. Finally, you have to pay the insurer.
B) None of these answers
C) The quantitative assessment of the need for life assurance is done in two stages. The first step is to determine the capital required to generate sufficient income to maintain the standard of living of the deceaseds family for the required period. Then, it is necessary to subtract the liquidity available to the universal heirs residual and the value of the assets whose sale is anticipated from the amount obtained to obtain the insurance capital to be subscribed.
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