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Matthew Kennedy of Urbana, Ohio, is single and has been working as an admissions counselor at a university for five years. Matthew owns a home
- Matthew Kennedy of Urbana, Ohio, is single and has been working as an admissions counselor at a university for five years.
- Matthew owns a home valued at $250,000 on which he owes $135,000.
- He has a two-year-old vehicle valued at $32,000 on which he owes $26,000.
- He has about $20,000 remaining on his student loans.
- His retirement account has grown to $32,000, and he owns some stock valued at $9,000.
Matthew has no life insurance and is considering buying some.
Question to Be Answered
How much life insurance, if any, should Matthew buy?
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