Question: Question 1 3 ( Bonus ) ( Mandatory ) ( 2 points ) Evelyn, who is married and the mother of two, is 2 9

Question 13(Bonus)(Mandatory)(2 points)
Evelyn, who is married and the mother of two, is 29 years old and expects to work
until age 75. She earns $125,000 per year. Evelyn expects inflation to be 3% over her
working life, and the appropriate risk-free discount rate is 4%. Her personal
consumption is equal to 32% of her after-tax earnings, and her combined federal and
state marginal tax bracket is 22%. What is the amount of life insurance necessary for
Evelyn using the Human Life Value method? Show your calculation steps.
Question 13(Bonus)(Mandatory)(2 points) Evelyn, who is married and the mother of

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