Review Questions 6 – Risk Management

In APA Formatting, the following questions will need to be answered:

  • The needs-based approach is one technique for calculating how much life insurance one needs. Explain briefly the method for calculating this amount.
  • What are the main financial planning problems encountered in the “early adult” years?
  • Explain why there is a savings element to a whole life insurance contract.
  • What are the advantages of saving with cash value whole life insurance?