Question

In insurance planning, what does estimating the income and expense requirements of dependents involve?

a.

Determining the hospitalization expenses in case of a medical emergency

b.

Assessing the risks of asset losses

c.

Calculating the financial needs of dependents in case of the breadwinner's premature death

d.

Estimating travel expenses for the family

Posted under IC38 Life Insurance Agent Exam

Answer: (c).Calculating the financial needs of dependents in case of the breadwinner's premature death Explanation:Estimating the income and expense requirements of dependents in insurance planning involves calculating the financial needs of dependents in the event of the breadwinner's premature death.

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Q. In insurance planning, what does estimating the income and expense requirements of dependents involve?
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