Fatima is trying to figure out how much life insurance she needs to buy in order to support her family incase of her death.She asks you to calculate the amount of insurance she needs to buy by telling you her take home pay after all deductions is $50,000 per year.She also states that her family would need this amount every year, for the next 15 years until her children can take care of themselves.Assuming she can generate a 2% rate of return, cow much life insurance should she buy?Show your calculations.

Stan is starting a new business.He gets the maximum possible disability coverage.His father had arthritis so severe he could not work for several years.What rider will help him most if he is disabled for many years?How does it help if he never works after going on disability?

Alex, aged 37, just purchased a condo in Mississauga with a $350,000 mortgage.Alex plans on living in the condo until it's fully paid, which he thinks will happen when he retires at age 62.Alex is single, so he does not have to worry about protecting his spouse, but Alex does have a nephew who will inherit his condo when he passes.Alex is not sure what the condo will be worth in 25 years, but would like to buy life insurance to cover the outstanding mortgage.What type of life insurance would you recommend for this situation?