What is the significance of the financial life cycle?
A) To help you to compare your situation with other people's situation
B) To better understand how your financial needs will most likely change over time
C) To allow you to be more proactive in dealing with expected changes in the future and take steps today to prepare for them
D) To help you realize that your original plan is sufficient and doesn't need to change
E) Both B and C are significant aspects of the financial life cycle.
Answer: E
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Indicate whether the statement is true or false