Question
As the primary breadwinner in his household, Blake is determining his life insurance needs. Blake's wife works as a home health aide earning $27247 per
As the primary breadwinner in his household, Blake is determining his life insurance needs. Blake's wife works as a home health aide earning $27247 per year. Their household expenses are $66,102 per year. If the prevailing interest rate is 4%, determine the amount of life insurance Blake needs to purchase to cover the income shortfall. Round to the nearest thousand dollars.
Amount of life insurance needed: $
Blake is a 28-year-old male. determine the annual life insurance premium if he purchases 10-year term life insurance to cover the income shortfall. Annual premium:
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Have More Money Now A Commonsense Approach To Financial Management
Authors: John Layfield
1st Edition
0743466330,1416595775
