Nancy is a widow with two teenage children. Nancys gross income is $4,000 per month, and taxes
Question:
Nancy is a widow with two teenage children. Nancy’s gross income is $4,000 per month, and taxes take about 25% of her income. Using the income method, Nancy calculates she will need to purchase about eight times her disposable income in life insurance to meet her needs. How much insurance should Nancy purchase?
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Nancy should purchase about 288000 in life insurance Calcula...View the full answer
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