Using the income method, if Jenny has an annual income of $50,000, debt of $20,000, and a factor of 10, then she should purchase ________ of life insurance.

Name: Using the income method, if Jenny has an annual income of $50,000, debt of $20,000, and a factor of 10, then she should purchase ________ of life insurance.
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The income method suggests purchasing life insurance equal to the annual income multiplied by a factor. Here, $50,000 income multiplied by a factor of 10 equals $500,000.

Using the Income Method, If Jenny Has an Annual Income