Joleene is a single parent with two children and earns $45,000 per year. She is purchasing term life insurance for 15 years until her youngest child is self supporting. Assuming her survivors can receive a 3% after-tax,

inflation return on insurance proceeds, use the earnings multiple approach to calculate the face value of Joleene's policy.
A) $33,445
B) $547,851
C) $397,548
D) $556,668
E) None of the above


Answer: C

Business

You might also like to view...

Goal congruence exists when each individual manager's goals are achieved

Indicate whether the statement is true or false

Business

Queuing system operating statistics:

A) change from start to finish during the day. B) are constant over time. C) include queue discipline, arrival rate, and service rate. D) all of the above

Business

Which of the following is NOT a step in determining processing requirements or workloads of each department?

a. which employee or department will do the work b. the type of work that needs to be done c. how much to charge for the service d. how that work will be completed

Business

Three major ways in which marketers engage in product differentiation are

A. product quality, product design and features, and product support services. B. product quality, product support services, and packaging. C. product support services, product design and features, and product positioning. D. product positioning, product quality, and product management. E. product positioning, product design and features, and product promotion.

Business