Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

using the 7/70 method, a person with a $100,000 annual income should purchase how much life insurance?

Sagot :

Answer: $490,000

Explanation:

you take the gross income (annual in this case) and first multiply it by 70%(0.70). Then multiply it again by 7.


$100,000 x 0.70 = 70,000

70,000 x 7 = $490,000

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.