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a. Ignoring the availability of Social Security survivor benefits, how much additional life insurance, if any, should Kelly purchase to meet her financial goals based on the needs approach? (Assume that
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a. Ignoring the availability of Social Security survivor benefits, how much additional life insurance, if any, should Kelly purchase 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.)

User JesuLopez
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Answer:

Check the explanation

Step-by-step 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.

a. Ignoring the availability of Social Security survivor benefits, how much additional-example-1
User Thomas Zimmermann
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