Using the "nonworking" spouse method,what should be the life insurance need for a family whose youngest child is 12 years old?

Question

Quizplus · Accepted Answer

The "nonworking" spouse method estimates life insurance needs by multiplying the number of years until the youngest child turns 18 by $10,000. Since the youngest child is 12, there are 6 years until they turn 18, resulting in a need of $60,000 (6 years x $10,000).

Using the "Nonworking" Spouse Method,what Should Be the Life Insurance