Question: While using the needs analysis approach to determine how much life insurance to purchase, you should: Group of answer choices add the financial resources that
While using the needs analysis approach to determine how much life insurance to purchase, you should:
Group of answer choices
add the financial resources that will be available after your death to your familys total economic needs.
divide your gross annual earnings by the size of your family.
multiply your gross annual earnings by the size of your family.
deduct the financial resources that will be available after your death from your familys total economic needs.
purchase the equivalent of your current annual income.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
