1- Calculate the insurance needs for LEIA, assuming premature death of BOB use the method needs analysis?

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Wu hive one hour to answer this exam, support your conclusions or answern with ealculations, Show your Tork. If you think you need additional information make your own assumptions. If you require more space Write your responses at the back of this page. Bob is 30 years und Leia is 30 years married 5 years ago, Bob works for a company and earns $60,000 before texes, Lela works us a Teacher Assistant and eams $25,000 after taxes. They have 2 children, Tim 5 years and Enkn 4, Thoir monthly expenses, 10ns, credit, and available resoumen ......... General assumptions, Tim and Erika will leave their parent's house at the age of 25 . Because of this, family living expenses will be reduced by 30%. Bob and Leia, will retire at the age of 65 . The life expectancy for BOB is 78 and LEIA 80 . The tax rate is 30%