Using the Income Method and Employing a Factor of 10

question 49

Multiple Choice

Using the income method and employing a factor of 10, determine the amount of insurance a couple would need if their net income is $65,000, their assets total $280,000, their liabilities total $130,000, their two children's anticipated college education needs total $730,000, and their invalid mother's future nursing home expenses total $290,000.

• A) $2,850,000
• B) $1,500,000
• C) $650,000
• D) $730,000

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Definitions:

Selective Mates

The process or criteria by which individuals choose partners for reproduction based on certain desirable traits or characteristics.

Homosexual Relationships

Romantic or sexual partnerships between individuals of the same sex.

Partner's Bad Points

An acknowledgment or focus on the negative qualities or aspects of one's romantic or sexual partner.

Happiest Relationships

Interpersonal connections characterized by high levels of joy, satisfaction, and emotional fulfillment between the parties involved.