Which of the following statements about the needs approach for estimat

Which of the following statements about the needs approach for estimating the amount of life insurance to purchase is (are) true?

I. It involves an analysis of various family needs which must be met if a family breadwinner dies.
II. Its use is appropriate only if a person currently has no life insurance protection.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A