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Jane and Vitorio Are Both Professionals Earning Roughly Each Annually

Question 61

Multiple Choice

Jane and Vitorio are both professionals earning roughly each annually.If one of them died and their debts were gone,the survivor could easily live on their own income.They have a combined net worth of .They have debts in the amount of a mortgage and car loans of .In addition,they pay off their credit cards each month,usually around $21 000.If anything should happen to either one of them,they want to leave their family debt-free.How much life insurance should they consider?


A) They should each have a policy for $356 000.
B) None because their net worth is $950 000.
C) They should each have a policy for $475 000.
D) They should each have a policy for $335 000.

Correct Answer:

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