You and your spouse are both 30 years old recently you had, Ask an Expert

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You and your spouse are both 30 years old. Recently, you had your first child and you believe that now is the time to purchase life insurance. You currently owe $250,000 on your home and your take-home pay is $50,000 per year. You expect your child to attend a state college where total annual costs (including room and board) approximately $25,000 in today's dollars. How much life insurance do you need based upon a needs analysis. College costs are expected to rise 5% per year indefinitely.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92084188

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