Question $5$

The preferred technique for determining how much life insurance coverage is needed for an individual is:

compatis the thamante value:

using the Jobability of death each year, prevaling interest rates, and assumed inflation rates to find the discounted present value of a future income stream.

assessing the familys total economic needs and subtracting the financial resources avaluble to meet those needs.

estimating the sum of money which, when paid in installments, will produce the same income as the person would have earned after deducting assumed amounts for taxes and personal maintenance expenses.

using the multiple$-$of earnings method adjusted for occupation.