Just$-$married couples sometimes over$-$indulge in the type and amount of life insurance that they buy. Hakeem and Leshaniqua Jackson of Barstow, California, took a different approach. Both were working and had a small amount of life insurance provided through their respective employee benefit programs: Hakeem, $$60,000$m and Leshaniqua, $$65,000.$ During their discussion of life insurance needs and related costs, they decided that if Leshaniqua went back to school full$-$time and completed her master's degree in industrial psychology, she would have better employment opportunities. Consequently, they decided to use money they had available for additional life insurance to pay for Leshaniqua's education. They both feel, however, that they do not want to have inadequate life insurance.

$($a$)$ In what way does Leshaniqua's return to school alter the Jackson's life insurance needs?

$($b$)$ Would you agree that the amount of life insurance provided by the Jackson's respective employers is adequate while Leshaniqua is in school? Explain?

$($c$)$ Summarize how the Jackson's life insurance needs might change over their life cycle.