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it does not give the specific gift anount A family has specific life insurance goals. They want to: 1) have $30,000 for their final needs,
it does not give the specific gift anount
A family has specific life insurance goals. They want to: 1) have $30,000 for their final needs, 2) pay off the remaining balance of their auto loans and home mortgages, 3) provide $70,000 per year for the surviving spouse for 2 years, and 4) leave $ as a gift to their favourite charity. They currently have $30,000 in outstanding auto loans and $50,000 outstanding principal on their mortgage. How much life insurance coverage do they need to meet their goals? A. $220,000 B. $290,000 C. $327,000 D. $553,500 A family has specific life insurance goals. They want to: 1) have $30,000 for their final needs, 2) pay off the remaining balance of their auto loans and home mortgages, 3) provide $70,000 per year for the surviving spouse for 2 years, and 4) leave $ as a gift to their favourite charity. They currently have $30,000 in outstanding auto loans and $50,000 outstanding principal on their mortgage. How much life insurance coverage do they need to meet their goals? A. $220,000 B. $290,000 C. $327,000 D. $553,500 Step by Step Solution
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