Jenny has no dependants,an annual income of $50 000,and debt of $100000 .How much insurance should she buy using the income method and a factor of 10?

Name: Jenny has no dependants,an annual income of $50 000,and debt of $100000 .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 with a factor of 10 suggests that Jenny should purchase insurance worth 10 times her annual income. Therefore, $50,000 x 10 = $500,000.

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