Eleanor makes $$122,000$ in annual salary. She is single, has no debt, no dependents, and $$2,000,000$ in savings. Her friend Nick tells her that she should follow the rule of thumb that says she needs $7$ times her salary in life insurance coverage. What would be a rational response to Nick's suggestion?

Group of answer choices

She should buy the full $$854,000$ in life insurance coverage.

She should round up the $$854,000$ to an even $$1$ million and buy that much coverage.

Her circumstances $($the savings plus lack of dependents and debt$)$ probably dictate that she needs very little life insurance coverage. She certainly would not be able to justify buying $7$ times her salary's worth of life insurance!

She should probably purchase $10$ times her salary's worth of insurance coverage.