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In Business / College | 2025-07-04

In financial planning, the human life value concept is based on
A. age
B. education
C. health
D. income

Asked by 1jacobk

Answer (2)

The human life value concept in financial planning is primarily based on a person's income. This concept helps determine the necessary amount of life insurance to protect dependents by calculating the potential earnings of an individual throughout their working life. Therefore, the correct answer to the question is option D: income.
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Answered by Anonymous | 2025-07-04

The human life value concept in financial planning is based on a person's income, reflecting their potential earnings throughout their working life. It is crucial for determining the appropriate amount of insurance to secure financial stability for dependents. Understanding this concept helps in making informed decisions regarding life insurance and financial security strategies. ;

Answered by GinnyAnswer | 2025-07-04

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