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The 3 4 year - old primary income earner of a family of six earns $ 9 0 , 0 0 0 / year and

The 34 year-old primary income earner of a family of six earns $90,000/year and plans to retire at age 62. The expected growth of income is 3%/year. The tax rate is 28%, and the return is 6%. Use the Human Life Value (HLV) approach to compute the amount of life insurance to purchase.

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