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Jane is 64-years old as of December 31. Her employer's nondiscriminatory group-term life insurance plan provides her with coverage equal to two times her annual

Jane is 64-years old as of December 31. Her employer's nondiscriminatory group-term life insurance plan provides her with coverage equal to two times her annual salary as of January 1, which was $65,000 this year. Jane contributes $25 per month in after-tax dollars toward the insurance premiums. Taxable income per month

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