Question: 12. Florian, aged 32, has worked for XLT Communication for 8 years. He has been a member of XLTT's group insurance plan ever since he
12. Florian, aged 32, has worked for XLT Communication for 8 years. He has been a member of XLTT's group insurance plan ever since he ttarted with the company. His group life insurance covers him for twice his annual salary of $75,000. This is the only life insurance coverage Flotian currenthy ovine. As a result of his recent divorce settlement, Florian must pay his former spouse $1,000 a month in child support for the nexa 15 yesrs. And although the settiement does not explicitly require him to, he wants to make sure he can leave enough money to cover those payments fot the entire durdion should he pass away prematurely. Florian's net assets (other than the group life ingurance benefit) would be just enough, in the event of his death, to pop his debts, his tax liabilities and his final expenses. Which of the following products should Florian purchase? A $30,000 whole life insurance policy. A $30,000 Term-to-100 life insurance policy, A $30,00015 year term life insurance policy. None. Florian needs no additional life insurance coverage
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