1. what is the purpose of life insurance? p. 459\n2. when would you not need life insurance? p. 460\n3. what…

Brief Explanations:

1. Life insurance provides financial protection to beneficiaries upon the insured's death.
2. If there are no dependents who rely on your income, or no financial obligations that would burden others after your death, you may not need life - insurance.
3. The four methods could include the human - life value approach, needs - based approach, income replacement approach, and capitalization of earnings approach.
4. There are various online calculators like those on insurance company websites or financial advice platforms.
5. There are insurance - related apps available on app stores for calculating insurance needs.
6. The two basic types are term life insurance and whole life insurance.
7. Term life insurance is temporary as it provides coverage for a specific period.
8. Whole life insurance is permanent as it provides lifetime coverage and has a cash - value component.
9. Group life insurance is often offered through employers.

Answer:

1. To provide financial protection to beneficiaries upon the insured's death.
2. When there are no dependents or financial obligations for others after death.
3. Human - life value approach, needs - based approach, income replacement approach, capitalization of earnings approach.
4. Various online calculators on insurance company or financial advice websites.
5. Insurance - related apps on app stores.
6. Term life insurance, whole life insurance.
7. Term life insurance.
8. Whole life insurance.
9. Group life insurance.