Joetta Hernandez is a single parent with two children and earns $53,700 a year. Her employer's group life insurance policy would pay 2.5 times her salary. She also has $71,600 saved in a 401(k) plan, $5,967 in mutualfunds, and a $3,580 CD. She wants to purchase term life insurance for 15 years until her youngest child is self-supporting. She is not concerned about her outstanding mortgage, as the children would live with her sister in the event of Joetta's death.