As a rule of thumb ,experts say most married people should carry____times their net pay in life insurance coverage.
A.2
B.3
C.4
D.5
i got C
There are so many unknowns in this question that it's impossible to answer.
Do both people work? Are their young children? Does the couple have substantial savings? Do both people earn a good salary?
Go with what your text says.
When I was a young married, had a house with a mortgage, and young children, we didn't have life insurance. Instead, we had mortgage insurance that would pay off the house if either of us died. Beyond that, either of us could afford to support ourselves and our children.
huh? okay
Great job! You correctly chose option C, which is 4 times their net pay.
To arrive at this answer, experts generally recommend that married individuals carry 4 times their net pay in life insurance coverage. This rule of thumb is meant to provide financial security and support for the surviving spouse and dependents in the event of the insured person's death.
To find the answer, you would have needed to know the general rule of thumb recommended by experts for calculating life insurance coverage for married individuals. This information can be found in various financial planning resources, such as books, articles, or websites, that provide guidance on insurance coverage based on income, family size, and other factors. It's always a good idea to consult with a financial advisor or insurance professional to determine the appropriate amount of coverage based on your individual circumstances.