Question: Jane and Joe each earn $ 5 5 0 0 0 and have estimated that over the next 2 0 years will need 6 0

Jane and Joe each earn $

55 000

and have estimated that over the next

20

years will need

60

percent of total income to manage debt, pay off the mortgage, and pay for children's postsecondary education. How much life insurance should they apply for?

(

Investment returns are

6

percent.

)

587 000

1 320 000

757 000

843 000

Jane and Joe each earn $55000 and have estimated that over

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