Kimberly, who is 40 years of age and married with three children, earns $210,000 annually. She...
Kimberly, who is 40 years of age and married with three children, earns $210,000 annually. She and her husband hope to retire at age 66. Given this information, how much life insurance should Kimberly purchase today, based on the human life value approach, assuming she has no other life insurance coverage and the discount rate is 6 percent?
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Approximately $2,250,000 |
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Approximately $3,500,000 |
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Approximately $3,000,000 |
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Approximately $2,725,000 |
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Kimberly, who is 40 years of age and married with three
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