Use the human life value approach to calculate the life insurance need for the following client (Each step 2 points) Mike Moore Age 45 (single) Retire 62 Gross income $ 120,000 00 Inflation 3 Investment return 8 9 Consumption 35 Federal income tax bracket 24 MO State income tax bracket 6 ...

Number of Years for Insurance Coverage 6245 17 years Inflation 3 per annum Year Gross Salary Taxe ...

Use the human life value approach to calculate the life insurance need for the following client. (Each

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Use the human life value approach to calculate the life insurance need for the following client. (Each step: 2 points)

Mike Moore	Age	45
(single)	Retire	62
	Gross income	$ 120,000.00
	Inflation	3%
	Investment return	8.9%
	Consumption %	35%
	Federal income tax bracket	24%
	MO State income tax bracket	6%

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Posted Date: Nov 19, 2020 10:00 AM

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Use the human life value approach to calculate the life insurance need for the following client. (Each

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Principles of Risk Management and Insurance

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