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Evgesh-ka [11]
3 years ago
13

a. Ignoring the availability of Social Security survivor benefits, how much additional life insurance, if any, should Kelly purc

hase 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.)

Social Studies
1 answer:
Feliz [49]3 years ago
7 0

Answer:

Check the explanation

Explanation:

The Formula for calculating of additional life insurance Kelly should purchase: Financial Needs - Financial Assets = new life insurance needed

See the full calculation and solution in the attached image.

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