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Judy and James have a 4-year-old child. They plan to purchase life insurance using this formula: Current income 7 70%. Which method are they using

Judy and James have a 4-year-old child. They plan to purchase life insurance using this formula: Current income 7 70%. 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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