menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Finance Study Set 4
  4. Exam
    Exam 12: Life Insurance
  5. Question
    The Easy Method of Determining Life Insurance Is Based on the Rule
Solved

The Easy Method of Determining Life Insurance Is Based on the Rule

Question 121

Question 121

True/False

The easy method of determining life insurance is based on the rule of thumb that a "typical family" will need about 70 percent of a wage-earner's salary for seven years.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q69: The guaranteed insurability option is desirable if

Q116: Which type of life insurance plan requires

Q117: Individuals and families purchase life insurance primarily

Q118: The first step in buying insurance is

Q120: Life insurance is available from a wide

Q123: Life insurance is one of the most

Q124: Tim Bridges has a life insurance policy

Q126: What are the four methods of determining

Q165: Two-earner couples may have a moderate need

Q168: The most common type of permanent life

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2026) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines