A young married couple with two children are both employed in well$-$paying industries. One partner earns more than the other. How much life insurance is suggested for their financial protection?

Multiple Choice

The couple should take out a life insurance policy on their children, but do not need one for themselves.

The couple should t$$ke out equal amounts of life insurance for both partners.

There is no real need for this couple to have life insurance as both are employed.

The couple should take out life insurance on both partners, but coverage on the higher earner should be greater.