Jeff and Susan are divorced. They have three children together of ages 8, 11, and 14. The youngest child has a medical condition that requires regular trips to the doctor. Both of them work for the same company, and each of them has the same $10,000 life insurance coverage.

How much (amount) of life insurance is needed, who should be covered by the proposed insurance, what type of life insurance would you recommend, and what other factors should be considered prior to the purchase of life insurance?