Needs approach
Needs approach is a method for estimating amount of life insurance appropriate for a family by analyzing various family needs that must be met if the family head should die and converting them into specific amounts of life insurance. Financial assets are considered in determining the amount of life insurance needed.
Category: Banking & Finance
More from this Section
- Gross estate
Gross estate is the market value of the property that you own when you die. Gross estate ... - Winding up
Winding up of a company is done by paying the company’s creditors, and then distributing ... - Balloon Payment
Balloon Payment is a large payment that may be charged at the end of a loan or lease. ... - Banker’s banks
Banker’s banks is the regional service firms, often created as joint ventures by groups ... - Cumulative Dividends
Cumulative Dividends are a feature of preferred stock that requires all past dividends ...