Life Insurance Assignment | Homework For You

Ken is using the needs approach to determine how much life insurance to buy. his cash needs are 40,000. his income needs are 240,000, and his special needs are 100,000. ken has the following assets: 20,000 in bank accounts, 30,000 in retirement plans, and 20,000 in investment accounts. ken owns no individual life insurance. his is covered by a 50,000 group life insurance policy through his employer. based on this information, how much additional life insurance should ken purchase? Get Finance homework help todayHomework For You

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