1. Your agent has told you to think about immediate needs at the time of death, debt elimination funds, immediate transitional funds, dependency expenses, spousal life income, educational expenses for the children, and retirement income. What has he described?

1. The multiple earnings need approach
2. The needs approach
3. The long-term approach
4. The combination approach
5. The standard approach

2. Your medical insurance contains a feature that limits the total dollar amount that you are responsible for paying. This is called:

1. Stop-loss provision
2. None of the choices listed
3. Maximum payment provision
4. Limitation provision

3. You know you desperately need life insurance but dont have much money available for premiums. What is the best thing you can do to find affordable insurance?

1. Use the internet to shop around for the best quotes.
2. All of the choices listed.
3. Buy Term insurance.
4. Buy direct from the insurance company.