Chuck's position with his company has progressed to the point that he makes about the same salary ($75,000) that Sally makes with the bank. They are equal breadwinners, and contribute to caring for the home and rearing Junior and Susie equally. Currently, Junior is 16 and Susie is 12. Chuck and Sally realize that if one of them were to die, the family would not be able to maintain the same standard of living. They want to send Junior and Susie to college and have a comfortable retirement. They realize that they need life insurance and have come to you for help. Make an initial post, and later respond to a classmate as follows:

Primary post: Use the Needs Approach to recommend an amount of life insurance for Chuck or Sally (same amount). Explain how you came up with your recommendation (state your assumptions). Be specific and descriptive.
Response to others: Evaluate one of your classmate's recommendations. Do you agree or disagree their recommended amount? Why do you think you gave a lower or higher recommended amount of life insurance?

Answer rating: 100% (QA)

THE SCALE OF THE JOB DEPENDS ON THE NATURE OF THE PRODUCTION SYSTEM MANY COMPANIES ARE INVOLVED IN S... View the full answer