You have a gross annual income of $69,500. Use the multiple of income method to determine the minimum amount of life insurance you should carry.
Question
Solution 1
The multiple of income method is a simple way to estimate the amount of life insurance you need. It suggests that your life insurance coverage should be between 5 to 10 times your gross annual income.
Step 1: Identify your gross annual income. In this case, it's $69,500.
Step 2: Multiply your gro Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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