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hristina Paun and Jason Parsons have a young daughter. Jasons salary is $48,000 p.a. and Christinas is $85,000. Jason's employer gives him life insurance for
hristina Paun and Jason Parsons have a young daughter. Jasons salary is $48,000 p.a. and Christinas is $85,000. Jason's employer gives him life insurance for 2X his salary as a benefit. Christina has a term life insurance policy of $250,000. Using the insurance agents simple income replacement method, how much more insurance should Christina buy?
a. $139,200
b. None, because she has enough
c. $166,500
d. $188,500
e. None, because Jason's salary could support him and their daughter.
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