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Marco is 45 years old and earns $65,000 annually. The multiple earnings approach to determine the amount of life insurance needed shows that he should
Marco is 45 years old and earns $65,000 annually. The multiple earnings approach to determine the amount of life insurance needed shows that he should have 6.0 times his annual earnings. An assessment shows total financial resources needed of $2,148,000 and total financial resources available of $1,848,000. Based on the needs analysis method, how much insurance should Marco have? $___________.
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