Question: Using the Nonworking Spouse Method to Determine Life Insurance Needs. Tim and Allison are married and have two children, ages 2 and 6. Tim is

Using the Nonworking Spouse Method to Determine Life Insurance Needs.

Tim and Allison are married and have two children, ages 2 and 6. Tim is a nonworking spouse who devotes all his time to household activities. Estimate how much life insurance Tim and Allison should carry to cover Tim.

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