The Lawrences recently had a baby named Blair and are concerned about their life insurance needs. Shelby

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The Lawrences recently had a baby named Blair and are concerned about their life insurance needs. Shelby has

$5,000 of coverage while Mark has life insurance coverage equal to approximately six times his annual salary. They need help in determining the appropriate life insurance amount for their family.

Questions 1. What are the four general methods for estimating the amount of life insurance that the Lawrences need?

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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