Jane works full time and makes $106,000 per year in salary. Her husband Richard does not work. Based on a 25 year time horizon and a rate of 9.0% interest, how much life insurance death benefit coverage should Jane have, in order to ensure that Richard will continue to receive annual income of $106,000? Group of answer choices 

$10,600,000.00 

$8,978,295.00 

$106,000.00 

$1,041,193.44

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is 104119344 Here... View the full answer