Determining the Need for Life Insurance. Jake is a 27-year-old single man with no

children. He has a younger sister who has a developmental disability. Both his parents are

living, though neither parent is in good health. Jake has an auto loan, a $50,000 mortgage

on his condominium, and no consumer debt. Is Jake a good candidate for life insurance? If

so, what kind and how much life insurance should he buy?