Jeff and Ann married and both 28 years old with a 2-year-old son and another child due in a few months. Jeff has just received a pay raise ($30 a week) and has decided to use part of it to protect his family. He has a $20,000 life insurance policy through his employer as long as he is employed by the bank. Read in this case about the other financial information and considerations important for Jeff and Ann. (2) Consider the following questions as you formulate your advice to Jeff and Ann about life insurance coverage: Do you think Jeff and Ann need additional life insurance beyond the $20,000 policy provided by his employer? Why or why not? If you do recommend more life insurance, how much would you recommend? Which type of life insurance coverage, term or whole life, should they seek? Why? (Of course, the amount of the policy is limited to the coverage they can afford from part of his $30-a-week raise.)