FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Description Use the human life value approach to calculate the life insurance need for the following client. (Each step: 2 points) Mike Moore Age 45

image text in transcribed
Description Use the human life value approach to calculate the life insurance need for the following client. (Each step: 2 points) Mike Moore Age 45 (single) Retire 62 Gross income $ 120,000.00 Inflation 3% Investment return 8.9% Consumption % 35% Federal income taxbracket 24% MO State income tax 6% bracket

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Ledger Book

Accounting Ledger Book

Authors: Alpha Planners Publishing

1st Edition

B09VWKPJSG, 979-8432472564

More Books

Students also viewed these Finance questions

Question

7. If in a given year the indexes of prices received and paid by farmers were 120 and 165, respectively, what would the parity ratio be? Explain the meaning of that ratio. LO22.3

Answered: 1 week ago

Question

★★★★★
A Department of Housing and Urban Development (HUD) program is aimed at conserving and rehabilitating blighted but salvageable urban areas. One element of the program provides that HUD will make...

Answered: 1 week ago

Question

★★★★★
Can you please implement a top-down recursive descent parser and build a simple symbol table to properly resolve references within polynomial expressions, in addition to represent the polynomial...

Answered: 1 week ago

Question

★★★★★
Catherine is the sole stockholder of Cat Co., a calendar-year C corporation. The corporation has a business need for a tract of land that Catherine owns personally. The plan is for the corporation to...

Answered: 1 week ago

Question

★★★★★
Suppose Charlie has made great progress in planning to improve the security program at the company. After many weeks of planning and careful implementation, a formal plan is ready for presentation to...

Answered: 1 week ago

Question

★★★★★
Fine's Flowers Ltd. v. General Accident Assurance Co. This wellknown case above raises a number of issues common in insurance disputes. a) Why was the loss not covered by the policy? What does the...

Answered: 1 week ago

Question

★★★★★
Case Study of Dick Jordan Dick Jordan is 32 years old and lives alone in an apartment he secures with a voucher from a community mental health center, where he receives services. Dick, who is...

Answered: 1 week ago

Question

★★★★★
Olivia was just hired by a large organization that requires background checks for all employees. Olivia received an email asking her to use the enclosed link to begin the background check process....

Answered: 1 week ago

Question

★★★★★
Suppose that Xtel currently is selling at $78 per share. You buy 250 shares using $10,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin...

Answered: 1 week ago

Question

★★★★★
9-28. Message Strategies: Persuasive Business Messages [LO4] Read the following persuasive request for action then (a) analyze the strengths and weaknesses of each sentence and (b) revise the...

Answered: 1 week ago

Question

★★★★★
9-25. With this huge library of loops and virtual drum kits at your fingertips, youll be making club-ready beats in a matter of minutes.

Answered: 1 week ago

Question

★★★★★
9-31. MESSAGE STRATEGIES: PERSUASIVE BUSINESS MESSAGES [LO-3] As someone who came of age in the postemail world of blogs, wikis, social networks, and other Web 2.0 technologies, you were rather...

Answered: 1 week ago

Previous Question Next Question