You plan to set up a term life insurance in the event you pass away and leave your family behind with no income and debt. How much life insurance do you need with the following information in mind? [ Note: Do not put $ sign in your answer.] 4pts.

1. Current yearly expense is $85,000
2. They need 35 more years
3. Current Annuity interest rate is 5%
4. The remaining mortgage on your house is $330,000
5. Your funeral cost is $20,000
6. Your kids college expenses are $200,000

You need a will to make sure the money in which of these accounts goes to the heirs of your choice?

	A.	Your 401K
	B.	Your IRA
	C.	You savings and checking accounts
	D.	Your life insurance policy and annuities
	E.	None of the above