Which approach considers the future needs of the survivors in determining amounts of life insurance?

The Human Life Value Approach estimates the economic value of an individual's life based on their potential earnings over time. While it provides insight into how much insurance might be needed based on income, it does not directly consider the specific future needs and expenses of survivors, making it less comprehensive than the Needs Approach.

The Cost Comparison Approach evaluates different insurance policies based on their costs rather than the needs of the survivors. This method focuses on selecting the most economical option without assessing how well the policy will meet the financial requirements of beneficiaries, thus failing to address their future needs.

The Living Benefits Approach emphasizes the policyholder's ability to access certain benefits while still alive, such as critical illness coverage or long-term care benefits. Although it is beneficial for the insured, it does not primarily focus on the future needs of survivors in the event of the policyholder's death, which is the crux of the Needs Approach.