Select the type of resources used to meet financial needs as described in the following scenarios. Juanita's husband cashed in a certificate of deposit to pay for Juanita's funeral. Existing assets Government benefits . Life insurance proceeds Upon presentation of a death certificate, Juanita's husband received a lump-sum payment of $200,000. Government benefits Life insurance proceeds Existing assets 4 The two most common methods of computing life insurance needs are the: Multiple-of-earnings approach