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1 - Describe two justifications for the need for professional financial planning advice 2- Summarize the main fees a mutual fund investor will pa 3 - Your client is asking how much life insurance she needs.
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1 - Describe two justifications for the need for professional financial planning advice

2- Summarize the main fees a mutual fund investor will pa

3 - Your client is asking how much life insurance she needs. She expects to earn $120,000 per year on average, working for the next 30 years.
a. Suppose an appropriate earnings multiple is 18. How much life insurance should she purchase? (2 points)


b. Using a discount rate of 4%, what is her insurance need using the human value approach? (3 points)

User BrewMate
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1 Answer

14 votes
14 votes

Answer:

Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.

Step-by-step explanation:

User Sarahbkim
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