Your agent has told you to think about immediate needs at the time of death, debt elimination funds, immediate transitional funds, dependency expenses, spousal life income, educational expenses for the children, and retirement income. What has he described?

The Needs Approach

Explanation:

The Needs Approach is the best in determining the amount of life insurance an individual requires. It covers the current and future needs of the family even when such person passes away and also calculates the cost in taking care of such needs. This approach helps family members to cope when the owner of the life insurance dies.

answer; i believe the correct answer is enlightenment;