American_Bankers_Association
CTFA · Question #325
CTFA Question #325: Real Exam Question with Answer & Explanation
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Question
Need analysis method is a more detailed approach than multiple-of-earnings method. This method considers both financial obligations and financial resources of the insured and his or her dependents. Which of the following steps is/are involved in this method?
Options
- AEstimate the total economic resources needed if the individual were to die
- BDetermine all financial resources that would be available after death, including existing life
- CSubtract available resources from the amount needed to determine how much additional life
- DAll of these
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