Ramona and Pablo Valdez are a dual-career couple who just had their first child. Pablo age 29,

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Ramona and Pablo Valdez are a dual-career couple who just had their first child. Pablo age 29, already has a group life insurance policy, but Ramona's employer does not offer life insurance. A financial planner is recommending that the 25-year-old Ramona buy a $250,000 whole life policy with an annual premium of $1,670 (the policy has an assumed rate of earnings of 5 percent a year). Help Ramona evaluate this advice and decide on an appropriate course of action.
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Personal Financial Planning

ISBN: 978-1305636613

14th edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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