BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 88

$45,000
$100,000
$75,000
None. The total amount would be covered by insurance.
$50,000
Question 13. 13. (TCO 4) Which is a correct statement about life
insurance? (Points : 1)
People are less apt to actively seek life insurance than health
insurance.
Private sources are the only available sources for life insurance.
Life insurance is extremely important if you are single and living
alone.
There is only one type of life insurance.
Consumer awareness of life insurance has changed considerably
over the years.
Question 14. 14. (TCO 4) You probably have little or no need for life
insurance if you are (Points : 1)
a single person living alone or with parents.
divorced and have two children.
married and your spouse works.
gainfully employed.
a household with several children.
Question 15. 15. (TCO 4) Your annual income is $35,000. What is your
life insurance need based on the easy method? (Points : 1)
$35,000
$110,500
$171,500
$191,500
Over $200,000