Question
Question 3 (2 points)
The more savings a household has accumulated, the less life insurance they will need.
Question 3 options:
True
False
The more savings a household has accumulated, the less life insurance they will need.
Question 3 options:
True
False
Answers
GPT-4o mini
True.
Generally, households with more accumulated savings may have less need for life insurance, as they are better equipped to cover expenses and provide for their dependents in the event of an untimely death. However, individual circumstances can vary, so it's important to consider personal financial situations when determining life insurance needs.
Generally, households with more accumulated savings may have less need for life insurance, as they are better equipped to cover expenses and provide for their dependents in the event of an untimely death. However, individual circumstances can vary, so it's important to consider personal financial situations when determining life insurance needs.