Kelly age 35 is a single parent and has a one-year-old son, Ask an Expert

Management Studies

Kelly, age 35, is a single parent and has a one-year-old son. She earns $45,000 annually as a marketing analyst. Her employer provides group life insurance in the amount of twice the employee's salary. Kelly also participates in her employer's 401(k) plan. She has the following financial needs and objectives:

Question: Ignoring the availability of Social Security survivor benefits, how much additional life insurance, if any, should Kelly purchase to meet her financial goals based on the needs approach? (Assume that the rate of return earned on the policy proceeds is equal to the rate of inflation.)

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9909879
Price:- $20

Guranteed 24 Hours Delivery, In Price:- $20

Have any Question?Write your Review or question?

Related Questions in Business Management

Paraphrase this answer bellowsuccessful implementation of

Paraphrase this answer bellow. Successful implementation of the TPP could have been regarded as the most important trade agreement that could have benefited members and non-members. The deal could have led to the liberal ...

Why does the marginal cost curve always intersects the

Why does the marginal cost curve always intersects the average total cost curve and AVC?

Assume the role of a human resources specialist in a

Assume the role of a human resources specialist in a healthcare organization of your choosing (hospital, private practice, etc.). Develop a recruitment plan for a position category within the organization as the focus of ...

The evolutionary process is one important perspective of

The evolutionary process is one important perspective of strategic management. What is evolutionary process?

Why is federal income tax important to a company can it

Why is federal income tax important to a company? Can it effect the hiring process for employees?

Do you all think that fear of retaliation may affect

Do you all think that fear of "retaliation" may affect decisions by individuals in today's health care organizations? Do you all think that some of the specialized areas of expertise i.e. surgical areas, may have some in ...

In the spring of 2015 three utility companies in the

In the Spring of 2015, three utility companies in the Ukraine received email purporting to come from Ukraine's parliament, the Rada. It was addressed to employees that were used to receiving communications from the Rada ...

Some goods are normal goods at lower income levels and

Some goods are normal goods at lower income levels and inferior goods at higher income levels. One example is the fast food category in the US restaurant industry (e.g., McDonalds). In this case, lower income consumers w ...

The market for truck hoods is perfectly competitive the

The market for truck hoods is perfectly competitive. The current equilibrium price is $500 and 80 units are sold per day. Suppose the own price elasticity of demand is -0.4 and the price elasticity of supply is 1.5, and ...

Assessment activity human resource strategic plan

ASSESSMENT ACTIVITY: HUMAN RESOURCE STRATEGIC PLAN BRIEF HUMAN RESOURCES MANAGEMENT (CLUSTER) ASSESSMENT ACTIVITY: HUMAN RESOURCE STRATEGIC PLAN BRIEF Develop a Human Resource's Strategic plan for an enterprise or small ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert