[Solved] Ryan and Amy Recently Got Married and Just Bought Their

Question 108
Multiple Choice
Question 108

Ryan and Amy recently got married and just bought their first home for $500,000. They both have to work to maintain their $400,000 mortgage. Ryan earns $35,000 and Amy earns $45,000 per year. Based on the income multiplier estimation, how much life insurance should they have?

A) $350,000 policy on Ryan and $450,000 policy on Amy.
B) $350,000 policy on Amy and $450,000 policy on Ryan.
C) $400,000 policy on Amy.
D) $400,000 policy on Ryan.

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