2. Janine would like to use the needs approach to determine if she should purchase additional life Janine's employer provides two times each employee's salary in group life insurance. Janine's salary is $45,000 per year. She has the following needs that she would like to satisfy upon her death: cost of funeral/final illness ($15,000); income support for her daughter ($60,000); income support for her dependent father ($70,000) and educational funds for her daughter ($40,000). Her current assets include $6,000 in a checking account and $14,000 in a mutual fund. Janine also estimates about $25,000 in Social Security survivor benefits would be payable if she died. How much additional life insurance should Janine purchase, according to the needs approach?