Jenny has no dependents,an annual income of $50 000,and debt of $100 000.How much insurance should she buy using the income method and a factor of 10?

Name: Jenny has no dependents,an annual income of $50 000,and debt of $100 000.How much insurance should she buy using the income method and a factor of 10?
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Question

Quizplus · Accepted Answer

The income method suggests buying insurance equal to 10 times the annual income. Jenny's annual income is $50,000, so she should buy $50,000 x 10 = $500,000 in insurance.

Jenny Has No Dependents,an Annual Income of $50 000,and Debt