what kind details

3. Recommend in years) for followi amount. a type of life insurance (including the dollar amount and length of the policy r the following people. Be sure to EXPLAIN how you came up with the SSS 7. She A) Sue is 26 years old, a single mom with two children, Jake age 5 and Grace- age currently makes $45,000 a year as a registered nurse. She has $9,000 in an emergency owns her 1994 Nissan Altima, has $28,000 in her company's 401K, and owns her house (market value of $89,000 with a mortgage of $54,000). She has no other debt. B) Joe is 26 years old and single. He has no dependents and makes $65,000 a year as a commodities trader. He rents a studio apartment for $1500 a month that is nicely furnished. He has no emergeney fund and no retirement or savings. He owns a really cool Porsche Boxter... (well not really owns it since the loan balance is $52,000). He has no other debt. C) Monica and Manuel Juarez are a dual-career couple who just had their first child. Manuel, age 29, already has a group life insurance policy for $200,000, but Monica's employer does not offer life insurance. An insurance agent is recommending that the 25-year-old Monica buy a S150,000 whole life policy that carries an annual premium of $1,370. They are currently renters, have $4,000 in an emergency fund, and own their two cars: a 2004 Nissan Altima and a 1995 Toyota T-100. They have no other debt and Manuel makes $45,000 a year and Monica makes $55,000. What do you think? EXPLAIN and make recommendations for life insurance for both of them