Question 5 Sarah is using the needs approach to determine how much life insurance to buy. Complete the worksheet below. IMPORTANT: Your answers should be rounded to the nearest Integer and should NOT include symbols (5 or') Cash Needs Funeral costs $15,000 Probate costs Total estate clearance fund $30,000 Income Needs Readjustment income $40.000 Retirement Income $100,000 Total income needs Special Needs Mortgage redemtion fund $90.000 Emergency fund o d II a Total special needs $100,000 Total needs Assets checking account $20,000 Mutual funds and securities $40,000 Retirement plan $30,000 Current life Ansurance $50,000 Total assets $140,000 Life insurance needed Total needs Total assets $140,000 Additional life insurance needed on will save this response. ap * a hp