Determine the amount of insurance an individual

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Using the income method, determine the amount of insurance an individual would need, if their net income is $165,000 and they want to provide for their family members for at least 25 years. Their assets total $980,000, their liabilities total $250,000, their two children's anticipated college education needs total $120,000, and their invalid mother's future nursing home expenses total $290,000.

Reference no: EM132406770

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