Question

22 for which of the following insurance needs would permanent insurance be considered appropriate? qw96wusvvwnocncvqwpz0hyvlbout09
a. paying income taxes incurred upon death
b. replacing income until a spouse reaches the age of retirement
c. paying outstanding mortgage loan
d. covering childcare services for children
qw96wusvvwnocncvqwpz0hyvlbout09

Explanation:

Permanent insurance (like whole life) is designed for long - term needs. Option b involves replacing income until a spouse reaches retirement age, which is a long - term financial need. Option a (paying income taxes on death) is a short - term, one - time need. Option c (paying mortgage) is often a shorter - term or specific - debt need, and term insurance can also cover it. Option d (childcare) is a shorter - term or specific - period need. Permanent insurance is suitable for long - term income replacement.

Answer:

b. Replacing income until a spouse reaches the age of retirement