Personal Finance 1st Edition by Jack R. Kapoor

Exercise 12

1 How do you determine the need for life insurance?

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2 What determines your life insurance objectives?

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3 What are the five methods of estimating your life insurance requirements?

Step 1 of 3

A person would like to protect his family by buying life insurance. Main influence would be the type of household he is living in and his stage in life cycle. Unmarried bachelors may have little or no need for life insurance. People with small children have the greatest need for insurance.