Question

Should life insurance needs be based on a family's dream (expectations) for the future? Why or...

Should life insurance needs be based on a family's dream (expectations) for the future? Why or why not? Please form an opinion and support your opinion with facts from the readings.

Homework Answers

Answer #1
Life insurance needs should be based on the need of the family in the case
that the primary provider of the family dies.
Life insurance needs should not be based on dreams, but the needs should be
based on the expectations of the future.
Life insurance needs are required for those people who do not have enough assets or have too  
many liabilities. Life insurance needs should provide financial relief for the family members
of the policyholder (earning member).
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