Points Possible 10 This is an extra credit assignment that I will grade individually. It will be available Wednesday at class time and will remain so until midnight Thursday night. Using slide 12 from the Power Points for chapter 8 as a guide, calculate what assets the Jones Family has, then project how much additional life insurance will be needed in the event of death of the primary breadwinner. Upload your proposal in the submission box below. I want to see your calculations, not just your final number. Finn 1003-Meet the Jones Family Life Ins.docx Meet the Jones Family James, age 35 Mary, age 34 Jim Jr, age 3 Maria, age 7 James is an engineer with an income of $145,000 Mary is part time worker with an income of $38,000 Home is worth $245,000 with a mortgage balance of $185,000 Two cars, one is paid off and one with a loan balance of $13,500 30' sailboat with a loan balance of $28,000 James has $150,000 of group term insurance at the firm and an investment portfolio of $78,000 401K has a current value of $185,000 Points Possible 10 This is an extra credit assignment that I will grade individually. It will be available Wednesday at class time and will remain so until midnight Thursday night. Using slide 12 from the Power Points for chapter 8 as a guide, calculate what assets the Jones Family has, then project how much additional life insurance will be needed in the event of death of the primary breadwinner. Upload your proposal in the submission box below. I want to see your calculations, not just your final number. Finn 1003-Meet the Jones Family Life Ins.docx Meet the Jones Family James, age 35 Mary, age 34 Jim Jr, age 3 Maria, age 7 James is an engineer with an income of $145,000 Mary is part time worker with an income of $38,000 Home is worth $245,000 with a mortgage balance of $185,000 Two cars, one is paid off and one with a loan balance of $13,500 30' sailboat with a loan balance of $28,000 James has $150,000 of group term insurance at the firm and an investment portfolio of $78,000 401K has a current value of $185,000