EMPLOYEE BENEFTT INFORMATION-RICHARDSON CONSULTING Richardson Consulting has just introduced a cafeteria benefit plan quite similar to the one Kevin had through DeVitt Consulting. Richardson Consulting pays $325 per month towards the premiums of the selected insurance coveriges. If the employee wants more of the insurance coverages than the $325 premium Richardson Consulting pays, the difference is deducted from the employee's monthly paycheck No reimbursement is made if the employee selects less coverage than the $325 premium covers, and this extra cannot be applied to the flexible spending account. LIFE INSURANCE (Richardson Consulting) Evaluate the group term life policy available through Kevin's cafeteria benefit plan. Should Kevin select life insurance as part of his employee benefits? If yes, how much and what will it cost? If no, should he purchase a private policy? If you recommend him to buy a private policy, how much and what type of policy should he purchase? Using some insurance platform such as lifeinsure.com, approximately how much would the recommended policy(s) cost