Personal Life Insurance Needs Analysis

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

When you start with a new company, how much life insurance will they usually allow you without medical assessment?

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1. What are some things to keep in mind when deciding how much life insurance to have?

2. How many times your pay is it suggest you have in life insurance?

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About This Quiz & Worksheet

Who needs life insurance? What should you take into consideration when shopping for a life insurance policy? These are among the facts you will need to know when you use this quiz/worksheet combo.

Quiz & Worksheet Goals

Information you can expect to be tested on when using this assessment tool includes:

  • How much life insurance you can get through your company without having a medical checkup
  • What you should keep in mind when determining how much life insurance you need
  • How many times your pay your life insurance should be
  • Why funeral expenses must be considered when determining how much life insurance one should have
  • What two types of life insurance are commonly offered

Skills Practiced

  • Reading comprehension - make sure you understand the most important information from the lesson, such as the formula for determining how much life insurance one needs
  • Information recall - remember the two standard types of life insurance
  • Knowledge application - use what you know to answer questions about company-sponsored life insurance and funeral expenses as a consideration when seeking life insurance

Additional Learning

Learn more about what to consider and how to determine how much life insurance you should have by using the lesson titled Personal Life Insurance Needs Analysis. You will learn:

  • What a life insurance policy is
  • Who a life insurance policy is paid out to
  • Why the maximum should be taken for a company-sponsored policy
  • How much a cremation could cost on average
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