Question: Jason is using the needs approach to determine how much life insurance to buy. His cash needs are $80,000; his income needs are $100,000; and

Jason is using the needs approach to determine how much life insurance to buy. 
His cash needs are $80,000; 
his income needs are $100,000; and 
special needs are $135,000.

Jason has the following assets: 
$20,000 in bank accounts, 
$70,000 in retirement plans, and 
$30,000 in investment accounts. 

Jason owns a $30,000 individual life insurance. He is also covered by a $50,000 group life insurance policy through his employer. 
Based on this information, how much additional life insurance should Jason purchase?


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