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Title: Brad earns $50,000 per year as a manufacturer's rep and his wife, Nancy, earns $100,000 per year as Post by: shepherd on Feb 20, 2016 Brad earns $50,000 per year as a manufacturer's rep and his wife, Nancy, earns $100,000 per year as an Oncologist. When they had children, Nancy left her practice to become a full-time mother. The family's expenses are $35,000 per year, which includes an amount being saved for the children's college education. Brad and Nancy have two children, ages 2 and 5. They receive an average return of 6% on their investments. Nancy has retained her active medical license and plans to return to work full-time when the children enter school. Using the budget method, how much life insurance should the family have in the event of Brad's death?
A) $573,500 B) $1,147,000 C) $344,100 D) zero Title: Re: Brad earns $50,000 per year as a manufacturer's rep and his wife, Nancy, earns $100,000 per year Post by: tityl on Feb 23, 2016 Content hidden
Title: Re: Brad earns $50,000 per year as a manufacturer's rep and his wife, Nancy, earns $100,000 per year as Post by: shepherd on Mar 5, 2016 Exactly what I wanted!
Title: Re: Brad earns $50,000 per year as a manufacturer's rep and his wife, Nancy, earns $100,000 per year as Post by: tityl on Mar 9, 2016 Happy to help :):)
Title: Re: Brad earns $50,000 per year as a manufacturer's rep and his wife, Nancy, earns $100,000 per ... Post by: AMARENDRA BISWAL on Dec 23, 2020 thank you
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