Don and Diane Are Updating Their Financial Plan and Are

question 72

Essay

Don and Diane are updating their financial plan and are concerned that they might not have enough life insurance coverage for their family,which includes two children,ages 5 and 9.They have determined that their annual income is $65,000 and their net worth is now $150,000.Using the easy method,calculate the amount of life insurance they should carry.

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Definitions:

Humor Content

Humor content refers to the subject matter, theme, or essence of what makes something humorous or comedic.

Defensive Style

The habitual way in which an individual copes with stress and defends against perceived threats to the ego.

Ego Strength

The ability of an individual's ego to effectively deal with internal conflicts, impulses, and stresses, promoting mental health and adaptive functioning.

Id Impulses

In psychoanalytic theory, instinctual and primitive drives or desires inherent in the id, seeking immediate gratification regardless of societal norms.