Question: Here is the extracted text from the image: Question: Larry, an insurance agent, meets with Ethan, a freelance photographer, to review his insurance needs. Larry

Here is the extracted text from the image: Question: Larry, an insurance agent, meets with Ethan, a freelance photographer, to review his insurance needs. Larry tells Ethan that he wants to collect all pertinent financial information to prepare a net worth statement for Ethan. Why does Larry want to prepare Ethan

s net worth statement? Select one correct answer from the list:

1 .

To have enough information to identify where Ethan spends his money.

2 .

To determine Ethan

s various sources of income.

3 .

To determine how much Ethan can spend on accident and sickness insurance premiums.

4 .

To determine if Ethan has enough resources to cover medical expenses if he had a medical emergency.

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