Use the human life value approach to calculate the life insurance need for the following client (Each step 2 points) Mike Moore Age 45 (single) Retire 62 Gross income $ 120,000 00 Inflation 3 Investment return 8 9 Consumption 35 Federal income tax bracket 24 MO State income tax bracket 6

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Use the human life value approach to calculate the life insurance need for the following client. (Each step: 2 points) Mike Moore Age 45 (single)

Use the human life value approach to calculate the life insurance need for the following client. (Each step: 2 points)

Mike Moore	Age	45
(single)	Retire	62
	Gross income	$ 120,000.00
	Inflation	3%
	Investment return	8.9%
	Consumption %	35%
	Federal income tax bracket	24%
	MO State income tax bracket	6%

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