Needs Approach

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August 25, 2024 4 min read Definitions
Cleanup Fund: Life Insurance Needs Approach
Insurance Finance Life Insurance Needs Approach Financial Planning Burial Costs Probate Charges
Informal phrase describing the 'needs approach' to determine the amount of life insurance necessary for a family, covering last-minute expenses and those that arise after the death of an insured, such as burial costs, probate charges, and medical bills.
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