Question
A husband and wife just adopted twin girls, little Heather and Beth. They want to make sure the girls are taken care of for the
A husband and wife just adopted twin girls, little Heather and Beth. They want to make sure the girls are taken care of for the next 22 years. Based on the information in the following table, how much, if any, life insurance needs to be purchased for the husband? How much, if any, life insurance needs to be purchased for the wife? Assume 3% inflation rate. (Note: Ignore Social Security and use a simple Income Approach)
| Market labor Value | HouseHold Production Value | |
| Husband | $72,000 | $15,000 |
| Wife | $15,000 | $40,000 |
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Investments Analysis And Management
Authors: Charles Jones, Nick Jones
11th Edition
0470477121, 9780470477120
