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Joe wants to purchase a life insurance policy on his own life He is interested in learning about the various approaches to determine the amount

Joe wants to purchase a life insurance policy on his own life He is interested in learning about the various approaches to determine the amount needed Which of the following is true regarding the three most common approaches The human life value method estimates the present value of income generated over a person s work life expectancy and is then adjusted for the expected consumption of the survivors The financial needs method evaluates the income replacement and lump sum needs of the

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