Joleene Is a Single Parent with Two Children and Earns

question 190

Multiple Choice

Joleene is a single parent with two children and earns $45,000 per year.She is purchasing term life insurance for 15 years until her youngest child is self supporting.Assuming her survivors can receive a 3% after-tax,inflation return on insurance proceeds,use the earnings multiple approach to calculate the face value of Joleene's policy.

• A)$33,445
• B)$547,851
• C)$397,548
• D)$556,668
• E)None of the above

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Definitions:

Intravenous (IV) Insertion

The procedure of inserting a needle or catheter into a vein to administer fluids or medications directly into the bloodstream.

Needle Hub

The portion of a needle assembly that connects the needle to the syringe or a tubing system for the delivery or withdrawal of fluids.

Needle Shaft

The long, slender portion of a needle that extends from the point to the hub, through which fluids are injected or withdrawn.

Needle Bevel

The angled surface at the tip of a needle designed to facilitate skin penetration.