Question: 1. The requirements for a valid will are: (Select the best answer below.) A. the individual must be of legal age, the will be signed

1.

The requirements for a valid will are: (Select the best answer below.)

A.

the individual must be of legal age, the will be signed and dated, and the will be signed by at least two witnesses.

B.

the will be signed by three witnesses, the will be typed, and the individual must be 21.

D.

the will be signed and dated, the will be prepared by a lawyer, and the will be signed by three witnesses.

2.

How are your financial goals related to the decision about whether to purchase life insurance? (Select the best answer below.)

A.

A common financial goal is to provide for your family in the event you die. Life insurance is typically purchased to provide for this goal. Other goals might include charitable giving funded with life insurance proceeds.

C.

A common financial goal is to provide for your family in the event you lose your job. Life insurance is typically purchased to provide for this goal. Other goals might include charitable giving funded with life insurance proceeds.

D.

A common financial goal is for your spouse and children to provide for you in the event that they die. Life insurance is typically purchased to provide the surviving spouse enough money to start a new family. Other goals might include charitable giving funded with life insurance proceeds.

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