Which of the following is NOT a factor to consider when selecting the amount of life insurance to purchase?

AThe amount of money your dependents would need to maintain their current lifestyle
CThe amount of money needed to pay for burial costs and unpaid debts
BThe ease with which you can adjust your policy
DAny additional sources of income that would be available to your dependents

Question

16-05-2016
Computers and Technology

Answered

Which of the following is NOT a factor to consider when selecting the amount of life insurance to purchase?

AThe amount of money your dependents would need to maintain their current lifestyle
CThe amount of money needed to pay for burial costs and unpaid debts
BThe ease with which you can adjust your policy
DAny additional sources of income that would be available to your dependents

Verified Answer :

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The answer is (d.) Any additional sources of income that would be available to your dependents

There is no relevance in your purchased insurance and the additional source of income. There are are many factors to consider when buying a life insurance. This includes the amount of money your dependents would receive to support their living. Also, the amount of money to receive for the burial. Lastly, the insurance must be flexible.