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Calculate their required amount of life insurance

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Question - Chris and Christina, both age 40, have two children: Steven, 4, and Stephanie, 5. Both Chris and Christina are engineers whose work has them frequently at construction sites. They wish to purchase life insurance but they do not know how much they need. They tell you they want coverage for the next 15 years. Using the following, information calculate their required amount of life insurance using the income approach.

Reference no: EM133074081

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