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Financial needs approach

Definition:

A method of establishing the amount of life insurance required by an individual by estimating the financial needs of dependents in the event of the individual's death.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

May Day

The date of May 1, 1975, after which brokers were allowed to charge any brokerage commission, rather than a mandatory rate.

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