Question: Beyond and jay are considering purchasing a life insulate policy for jay. Current annual eating are $ 5 5 0 0 0 and Beyonc s

Beyond and jay are considering purchasing a life insulate policy for jay. Current annual eating are $55000 and Beyoncs current annual earning are $60000. If hay should die, Beyonc intends to continue to work and their children will receive social security survivors benefit of around $21600 annually for 15 years until the youngest child turns 18. Jay has $60000 group policy at work and Beyonc has a $70000 group policy. They also have $35000, investment assets. How much are their total available financial resources should jay die (up to the youngest turns 18 and ignore time value money)

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