The family need method of estimating life insurance includes factors such as Social Security and liquid assets.

A married couple does not have any children. They plan to ensure that the other will not be unnecessarily burdened by debts in case one of them dies. Each plans to continue to work after the other one dies. Which method are they using to determine their life insurance needs?

What is the single most important thing you can do to build your credit score?

Which of the following information is included on a person’s personal balance sheet (net worth statement)? Select all that apply.

Which of the following is NOT one of the steps in the personal financial planning process?

The best way to build your credit score is to carry a balance from month to month on your credit card.

Your salary was $52,000 one year and the next year it increased to $57,000.  What was the percentage increase in your salary from one year to the next?

A person has written the following goal:  Save $200 for vacation. Assume they can afford to save this much. Based on the SMART criteria, the goal is missing what?

A person is subject to a federal marginal tax rate of 22%. They earned an extra $400 bonus at the end of the year. How much of the bonus income will they pay in federal taxes? Federal tax brackets are as follows: 12% 22% 24% 32%

The major advantage of term life insurance over whole life insurance is that