Question: Using the non-working spouse method, what should be the life insurance needs for a family whose youngest child is 4 years old?

Using the "non-working" spouse method, what should be the life insurance needs for a family whose youngest child is 4 years old?

Step by Step Solution

★★★★★

3.52 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Hence for the analysis to conclude we can ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1319-B-C-F-R-A-R(1335).docx

120 KBs Word File

Students Have Also Explored These Related Corporate Finance Questions!

Q:

Should life insurance needs be based on a family's dream (expectations) for the future? Why or why not? Please form an opinion and support your opinion with facts from the readings.

Q:

In any given meal. Exmaple 10 grams of fat, 20 grams of carbohydrate, and 5 grams of protein. 1. Calculate the % of energy of each energy nutrient in a given number of total kcalorie meal. 2....

Q:

Using an old family recipe, Rachel Archer started a company that produces root beer. Archer opened the doors of Rachels Real Root Beer on January 1. The company struggled for the first few months,...

Q:

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Q:

The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $500 per person. If one family member has doctor and prescription medication...

Q:

10 TB MC Qu. 12-94 Using the "nonworking" spouse method, what should be the life ... Coursology. Multiple Choice Saved $110,000 Using the "nonworking" spouse method, what should be the life insurance...

Q:

A health insurance policy pays 65 percent of physical therapy costs after a deductible of $340. In contrast, an HMO charges $22 per each? (Do not round intermediate calculations. Round your final...

Q:

Using the "nonworking" spouse method, what should be the life insurance needs for a family whose youngest child is 9 years old? Using the "nonworking" spouse method, what should be the life insurance...

Q:

11. Using the Non-working Spouse Method to Determine Life Insurance Needs. Using the non-working spouse method, what should be the life insurance needs for a family whose youngest child is 2 years...

Q:

10. Using the Non-working Spouse Method to Determine Life Insurance Needs. Using the non-working spouse method, what should be the life insurance needs for a family whose youngest child is 7 years...

Q:

(a) You are required to explain and discuss the alternative methods of accounting for normal and abnormal spoilage. (b) Weston Harvey Ltd assembles and finishes trapfoils from bought-in components...

Q:

What is the concentration, in g/mL, of a solution containing 4 mEq of CaCI 2 per mL? (molecular weight of Ca = 40 and CI 2 = 71)

Q:

What is the purpose behind the 1 : 1 Rule in Islamic banking? a . to achieve "Justice in Exchange" by ensuring that the interest charged for a loan is not too high. b . to make sure that issuers are...

Q:

9. The deadweight loss associated with monopoly pricing is represented by the area a. P.ABP. b. PACP,. C. ABD. d. PBCP e. None of the above is correct.

Q:

Assume you own a corporate bond that has a face value of $1,000 and pays 4.60 percent. What is the current yield if the bond is currently selling for $1,080?

Q:

What was the gift tax in 2020? In 2019, Joshua gave $15,000 worth of Microsoft stock to his son. In 2020, the Microsoft shares were worth $23,000.

Q:

What was the total amount removed from Joshuas estate in 2020? In 2019, Joshua gave $15,000 worth of Microsoft stock to his son. In 2020, the Microsoft shares were worth $23,000.

Q:

7. If your client decides to invest 65% of their money into ORP and 35% into Rf security, what would be the expected return of that combination (Rf = 0.1%)? a. 2.70% b. 2.56% c. 1.79% d. 1.76% e....

Q:

Business QUESTION 31 Lucky accountants, the International Accounting Standards are identical to the us. Generally Accepted Accounting Principles (GAAP) for U.S. True False 4 points QUESTION 32 Which...

Q:

1. make sure the answer is in 2 decimals. Read question carefully 2. Make sure the final answer is in 2 decimals. Please read the question carefully 3. Find the future value of a five-year $97,000...