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Study with Quizlet and memorize flashcards containing terms like Determining life insurance needs, Human life value approach, Needs Approach and more.
Study with Quizlet and memorize flashcards containing terms like human life value approach, needs approach, when working with a client, the insurance producer should consider the following individual needs: (needs approach) and more.
Needs analysis is a method of life insurance planning which identifies the needs of an individual and the individual's dependents. The needs approach to personal life insurance planning also includes the creation of an emergency reserve fund. This fund is designed primarily to cover the cost of unexpected expenses. should apply for.
The needs approach to personal life insurance planning also includes the creation of an emergency reserve fund. This fund is designed primarily to cover the cost of unexpected expenses; The “needs approach” in life insurance is most useful in determining how much life insurance a client should apply for.
What are the two basic approaches to determining the amount of life insurance needed? This type of approach gives the insured an estimate of what would be lost to the family in the event of the premature death of the insured.
Study chapter 10 uses of life insurance quiz flashcards from Molly bornstad's class online, or in Brainscape's iPhone or Android app. Learn faster with spaced repetition.
When an individual is planning to protect his family with life insurance, one method of doing so is called needs analysis. What exactly does needs analysis involve? a. identifies the needs of an individual and the individual's dependents b. takes into account the present value of future income earned by the breadwinner
