Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

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

We appreciate your time. Please come back anytime for the latest information and answers to your questions. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.