Angela and Klaus are 28 and 37 respectively. They want to retire at age 60 respectively. Angela earns a gross salary of $67,000 and Klaus earns $43,500. Using the 'age to retirement lump sum approach', whereby the relevant factor to be used is 0.66, the lump sum Life and TPD Insurance they would both need is: Angela requires $1,450,660 of Life and TPD Cover and Klaus requires $651,478 of Life and TPD Cover This is correct.,Angela requires $1,636,140 of Life and TPD Cover and Klaus requires $803,880 of Life and TPD Cover,Angela requires $1,308,912 of Life and TPD Cover and Klaus requires $643,104 of Life and TPD Cover,Angela requires $1,415,040 of Life and TPD Cover and Klaus requires $660,330 of Life and TPD Cover