Violet earns $160,000 per year and has a family who depends on her financially. Violet has a life insurance policy through her job that will pay benefits of one year's salary. Based on the income-multiple method, how much more does Violet need in life insurance?
A) $640,000 to $1,440,000
B) $640,000 to $1,600,000
C) $800,000 to $1,440,000
D) $800,000 to $1,600,000
Correct Answer:
Verified
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