Which factor is NOT relevant when determining a family's ongoing cash needs after the death of the insured?

When assessing a family's ongoing cash needs following the death of the insured, it's essential to focus on factors that directly impact their financial stability and everyday living costs. Household expenses, debt repayment, and childcare expenses are all critical in this context because they reflect the immediate and ongoing financial obligations that the family must manage without the income from the deceased.

Household expenses encompass necessary living costs such as food, utilities, and housing, which must be sustained regardless of income changes. Debt repayment is crucial to consider, as outstanding debts can place a significant burden on the family's budget and potentially affect their financial situation. Childcare expenses are particularly relevant if there are dependent children who require care, and without the primary income, these costs become more challenging to manage.

On the other hand, the life insurance cash value, while it has a financial implication, is not directly an ongoing cash need. Instead, it represents a one-time asset that may be accessed or liquidated at a specific moment rather than an immediate cash flow requirement to cover everyday expenses. This distinction makes it less pertinent when evaluating the ongoing financial needs of the family in the context of their day-to-day living following a loss.