AAFM Exam GLO_CWM_LVL_1 Topic 2 Question 12 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 12
Topic #: 2

Mahesh earns 1,20,000 pa. He has total debt of Rs. 2,00,000 and have two dependants. Interest rate is 7%, and assumes 80% of his pre-death salary is the estimated requirement to maintain his family after paying the loan. Calculate the life insurance cover needed under multiple approach method.

A18 lakhs

B15 lakhs

C12 lakhs

D16 lakhs

Show Suggested Answer

Suggested Answer: D

by Merissa at May 06, 2022, 01:00 AM

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