A couple wants to balance adequate life insurance amounts, reevaluating the amount every two years. Over...
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A couple wants to balance adequate life insurance amounts, reevaluating the amount every two years. Over a decade, both individuals' incomes steadily increased by 25% to a total of $200,000 year, liquid assets increased by 75% to $250,000, and property value increased by 7% to $420,000. How were the insurance obligations of the couple affected every two years using the needs- based approach? A couple wants to balance adequate life insurance amounts, reevaluating the amount every two years. Over a decade, both individuals' incomes steadily increased by 25% to a total of $200,000 year, liquid assets increased by 75% to $250,000, and property value increased by 7% to $420,000. How were the insurance obligations of the couple affected every two years using the needs- based approach?
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Here is how the couples life insurance needs would be affected every 2 years using a needsbased appr... View the full answer
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