Benny and June are meeting with Gwen, an insurance representative, to discuss purchasing an insurance policy. To determine the right amount of insurance, Gwen works with the couple to calculate the income needs that a surviving spouse would need in case of premature death and compare it to what available sources of income are available. The insurance needed would be based on this gap. What method is Gwen utilizing to determine the insurance needed?

Answer rating: 100% (QA)

The method Gwen is utilizing is most likely the NeedsBased Approach to determine the insurance neede... View the full answer