Don and Diane Are Updating Their Financial Plan and Are

question 27

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 both the easy method and the "nonworking" spouse method,calculate the amount of life insurance they should carry.Remember that they want to be certain that they have enough coverage,so

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