Michelle and Jason Bailey are in their early 30s and expecting their fi rst child next month. Each earns about $40,000 per year. Currently, they have $20,000 life insurance policies on each of their lives with the other named as the benefi ciary. They bought these policies a few years ago to pay for death-related expenses if tragedy struck. They are thinking about adding another $300,000 each to their protection to replace the income lost if one of them passed away. How much will Michelle and Jason each pay for this additional protection?

A. About $25 per month B. About $50 per month C. About $100 per month D. About $200 per month