Additional Life Insurance Case Study

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Jeff and Ann should invest in additional life insurance. Jeff is young and may eventually change jobs, therefore the insurance he currently has, would no longer be available. Job offered insurance should be considered as an extra benefit. I feel individuals should always purchase insurance outside of their employment. In addition, self-purchased life insurance, guarantees benefits will be there if there are no policy exclusions or if a change in employment takes place.
First, we must calculate the amount of coverage needed. Since we have, no assets or liabilities listed to use in the dollar value calculation of coverage, we could choose between the easy method and the “non-working” spouse method. With the easy method calculation, approximately
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