e Textbook and Media X Your answer is incorrect. Since you last checked in with Edward, he received a promotion and raise at work. His new annual income is $53,500. Given his new promotion and the fact that he and Ruth are thinking of starting a family, he is considering buying a disability policy Because his employer does not provide this as an employee benefit, he needs to buy a policy in the open market. How much replacement income should he shop for? He should look for a policy that will replace $ 32100 of his income How much might this type of policy cost per year? He can expect to pay between $ 600 and $ 1500 per year. eTextbook and Media