Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for their family, which includes two children, ages 4 and 10. They have determined that their annual income is $53,000, and their net worth is now $150,000. What is the amount of life insurance they should carry using the easy method?

$259,700

$371,000

$53,000

$530,000

$567,100

Answer rating: 100% (QA)

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