Anna is a single mother of two small children and earns an annual salary of $65,000. She has been advised to evaluate the amount of life insurance she currently owns to see if it is adequate. She estimates her final expenses needs at $35,000, and estimates family living expenses needs to be $300,000. She also estimates special needs of $200,000 for her children’s education fund and any unexpected events. Anna’s total financial assets are $350,000, including $200,000 of life insurance. Using the needs approach, how much additional life insurance does Anna need?

Insurance

Are you looking for the correct answer to the question “Anna is a single mother of two small children and earns an annual salary of $65,000. She has been advised to evaluate the amount of life insurance she currently owns to see if it is adequate. She estimates her final expenses needs at $35,000, and estimates family living expenses needs to be $300,000. She also estimates special needs of $200,000 for her children’s education fund and any unexpected events. Anna’s total financial assets are $350,000, including $200,000 of life insurance. Using the needs approach, how much additional life insurance does Anna need?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.

Anna is a single mother of two small children and earns an annual salary of $65,000. She has been advised to evaluate the amount of life insurance she currently owns to see if it is adequate. She estimates her final expenses needs at $35,000, and estimates family living expenses needs to be $300,000. She also estimates special needs of $200,000 for her children’s education fund and any unexpected events. Anna’s total financial assets are $350,000, including $200,000 of life insurance. Using the needs approach, how much additional life insurance does Anna need?

A. $150,000

B. $185,000

C. $300,000

D. $335,000

Answer: B. $185,000

The above question Anna is a single mother of two small children and earns an annual salary of $65,000. She has been advised to evaluate the amount of life insurance she currently owns to see if it is adequate. She estimates her final expenses needs at $35,000, and estimates family living expenses needs to be $300,000. She also estimates special needs of $200,000 for her children’s education fund and any unexpected events. Anna’s total financial assets are $350,000, including $200,000 of life insurance. Using the needs approach, how much additional life insurance does Anna need?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.