You are assisting your client Aaron, 46, in assessing his life insurance needs. Aaron's wife Karen (40)
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You are assisting your client Aaron, 46, in assessing his life insurance needs. Aaron's wife Karen (40) is a practicing doctor and they have two children together, Jenny (age 4) and Larry, Karen's son from a previous marriage who Aaron adopted before he turned 18. Aaron is obligated to pay court ordered spousal support to his ex-spouse Georgina (45) and child support for his two children with her (9 and 10). While they were married, Georgina was a stay at home mom and she has been out of the work force for ten years. Who of the following will be most impacted financially in the event of Aaron's death?
Karen
Jenny
Larry
Georgina
Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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