Jeff and Erica Have Two Children

question 77

Multiple Choice

Jeff and Erica have two children. They plan to purchase life insurance using this formula: (18 - Youngest child's age) × $10,000. Which method are they using to determine their life insurance needs?

• A) Easy method
• B) Dual income, no kids method
• C) Formal calculation method
• D) Nonworking spouse method
• E) Family need method

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Definitions:

Percutaneous Endoscopic Gastrostomy (PEG) Tube

A tube inserted into the stomach through the abdominal wall, allowing for direct feeding, hydration, or medication administration.

Jejunostomy Tube

Hollow tube inserted into the jejunum through the abdominal wall for administration of liquefied foods to patients who have a high risk of aspiration.

Esophageal Reflux

A condition, also known as GERD, where stomach acid flows back into the esophagus, causing discomfort or damage.

Social-Responsibility Norm

A communal norm that dictates individuals ought to assist those in need, even at a personal expense.