Which of the following is NOT a determining factor for the amount of personal life insurance needed?

The correct choice indicates that local unemployment rates do not directly affect the amount of personal life insurance needed. When assessing the required amount of life insurance, key factors typically include household income, household debt, and existing life insurance coverage.

Household income is crucial because it helps determine the financial obligations that dependents would need to meet in the event of the policyholder's death. Similarly, household debt is important as it outlines any liabilities that would need to be paid off to prevent financial burden on surviving family members. Existing life insurance coverage is also a key factor because it provides insight into what protection is already in place and what additional coverage might be necessary.

In contrast, local unemployment rates may influence broader economic conditions or job security, but they do not directly impact an individual's specific life insurance needs. Personal life insurance calculations are based on individual circumstances such as financial obligations and family requirements rather than external job market factors. Therefore, the focus remains on the personal financial responsibilities rather than fluctuations in local unemployment.