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Jeff and Erica have two children. They plan to purchase life insurance using this formula: (18 minus Youngest child's age) $20,000. Which method are they

Jeff and Erica have two children. They plan to purchase life insurance using this formula: (18 minus Youngest child's age) $20,000. Which method are they using to determine their life insurance needs?

Multiple Choice

Easy method

Dual income, no kids method

Formal calculation method

Nonworking spouse method

Family need method

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