Question: what you would do to ensure the step is demonstrated adequately and professionally. For example, list the objectives, identify the risks Jack and Jill

what you would do to ensure the step is demonstrated adequately and professionally. For example, list the objectives, identify the risks Jack and Jill face, etc (6 Marks. 3. Calculate the amount of life insurance they should purchase using the income approach. 4. Conduct a Capital Needs Analysis for Jack and Jill, assuming they both die in a car accident tomorrow. Make any reasonable assumptions. Include the assumptions in report and answet the following: 1 Is their existing life insurance coverage adequate? If not, how much should they purchase and what type/s of life insurance would you recommend? State your reasons for selecting that type of life insurance. 0 Explain the tax implications related to: a. The death benefit that Jill received as a beneficiary of her.

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SOLUTION To ensure that the steps are demonstrated adequately and professionally the following objectives and risks should be identified Objectives To calculate the appropriate amount of life insuranc... View full answer

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