Question
Julie, age 41, is married with two children. She earns $40,000 a year as a dental assistant. She owns a duplex, lives in one of
Julie, age 41, is married with two children. She earns $40,000 a year as a dental assistant. She owns a duplex, lives in one of the units and rents the other for $550 a month. Julie's monthly living expenses of $2,700 a month include mortgage and car loan payments, taxes, income tax and all current expenses. Julie wants to purchase disabilty income replacement coverage for an amount that would ensure the same lifestyle for her family were Julie to suffer a disabilty. What amount of insurance benefit would Julie need per month in case of disability? 1 $2700. 2 $2,150. 3 $2,000. 4 $1,450.
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