Question: Discuss why life insurance needs should not be based on
Discuss why life insurance needs should not be based on a family’s dreams for the future.
Answer to relevant QuestionsDescribe the budget method to determine the amount of life insurance needed. What elements must be considered in making this calculation? What is an installment payments settlement? When would an insured individual choose this option? Why is the premium paid for whole life higher than the premium for term life? What alternative approach to purchasing life insurance might provide the same benefits as whole life? Bart is a college student. Since his plan is to get a job immediately after graduation, he determines that he will need about $ 250,000 in life insurance to provide for his future wife and children (Bart is not married yet ...What should your first priority of investing be? What is the disadvantage of investments that satisfy that priority?
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