When determining an appropriate amount of life insurance, a producer takes into consideration the existing mortgage and other debt, future education expenses for the client’s children and continuing income for his surviving spouse. This approach is known as:

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When determining an appropriate amount of life insurance, a producer takes into consideration the existing mortgage and other debt, future education expenses for the client’s children and continuing income for his surviving spouse. This approach is known as:

A

The DIME method of insurance planning

B

The NAIC Model

C

Human life value

D

Needs analysis

Answer: D

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