Answered

At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Leon earns $100, 000 per year as a notary. He is married to Denise and they are parents of two - year - old twins. To ensure his family's financial security in the
event of his death, he purchased a $1, 000, 000 insurance policy on his life. Since Denise is a stay - at - home mother with no employment income, Léon
believes he has enough insurance coverage to offset any financial losses in the event of his or her death. Is Leon correct?
a. Léon is right: the $1, 000, 000 life insurance policy will provide sufficient income for Denise and the children.
b. Léon is right: insuring Denise's life is unnecessary since she has no income.
c. Léon is incorrect: he should purchase life insurance on the twins.
d. Léon is incorrect: if Denise were to die, Léon would incur additional child care expenses.

Sagot :

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.