What amount of insurance coverage is needed

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Reference no: EM131301623

1. Considering the insurance benefits needed to provide $40,000 over the next 15 years, plus the additional $330,000 of insurance coverage, what amount of insurance coverage is needed?

2. Given the total amount of insurance coverage needed and Dave's present age (30 years old), estimate the premium that the Sampsons would pay using one of the insurance Web sites mentioned in the chapter (www.insure.com or finance.yahoo.com/insurance).

Reference no: EM131301623

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