Life Insurance Needs Analysis
Read the scenario and propose your solution.
Client Scenario
A married couple, both age 30, have a new baby and a $300,000 mortgage. They have a combined annual income of $120,000. They have no existing life insurance outside of a small $50,000 group policy for one spouse. They want to ensure their family is protected if one of them were to pass away. What type and amount of life insurance would you recommend and why?
Your Recommendation
Based on the scenario, outline your recommendation. Explain your reasoning clearly.