1. You are the sole wage earner in a "typical family," with $64,000 gross annual income. Use the income replacement method to determine how much life insurance you should carry. (Omit the "$" sign in your response.) Value of insurance $

2.

Kennedi Stapleton, a widow, has take-home pay of $2,500 a month. Her disability insurance coverage replaces 70 percent of her earnings after a 90-day (3-month) waiting period. What amount would she receive in disability benefits if an illness kept Kennedi off work for 180 days (6 months)? (Omit the "$" sign in your response.) Disability benefits $