Term
| the death of a family head with outstanding unfulfilled financial obligation |
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Definition
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Term
| dependents to support, children to educate, and a mortgage to pay off |
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| types of unfulfilled obligations |
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Term
| can cause serious financial problems for the surviving family members b/c their share of the deceased family head's future earnings is lost forever |
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Term
| after premature death, if replacement income from another source is inadequate, or if the accumulated financial assets available to they family are also inadequate, the surviving family members will be exposed to |
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Definition
| great economic insecurity |
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Term
| additional expenses are incurred b/c of funeral expenses, uninsured medical bills, and estate settlement costs |
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Term
| b/c of insufficient income after a premature death, some families will experience a reduction in their |
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Term
| intense grief, loss of a parental role model, and counseling and guidance for children |
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Definition
| noneconomic costs of premature death |
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Term
| the economic problem of premature death has declined substantially over time b/c of an increase in |
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Term
| the average age number of years of life remaining to a person at a particular age |
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Term
| according to the Centers for Disease Control and Prevention, preliminary data for 2007 show life expectancy at birth increased to a record high of |
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Term
| substantial breakthroughs in medical science, rising real incomes and economic growth, and improvements in public health and sanitation |
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Definition
| reasons life expectancy has increased |
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Term
| although the life expectancy has increased over time, the US |
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Definition
| lags behind many foreign countries |
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