Jane and Vitorio Are Both Professionals Who Can Easily Live

question 159

Multiple Choice

Jane and Vitorio are both professionals who can easily live on either of their incomes , if there were no debt payments. They have a combined net worth of $950 000. They have debts in the amount of a $250 000 mortgage and car loans of $85 000 on a BMW and a Jaguar. In addition, they pay off their credit cards off each month, usually around $21 000. If anything should happen to either one of them, they want to leave their family debt-free. How much life insurance should they consider?

• A)They should each have a policy for $356 000.
• B)None because their net worth is $950 000.
• C)They should each have a policy for $615 000.
• D)They should have $335 000 coverage on each of them.

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Definitions:

Learning Professionals

Individuals who specialize in designing, implementing, and evaluating educational programs and learning experiences.

Learning Professionals

Individuals who specialize in designing, implementing, and assessing training and development programs within organizations.

Hiring

Hiring refers to the process of reviewing applications, interviewing candidates, and ultimately selecting an individual for employment within an organization.

Talent Development

The systematic process of identifying and nurturing individuals' abilities within an organization to align with organizational goals.