Tyler is 55 years old, and he makes $65,000 per year. If Tyler were to die, how much would the beneficiaries of his life insurance policy receive if they can get by on 60% of his income?
XA
MULTIPLES-OF-SALARY CHART
Current Age
25 Years
35 Years
45 Years
55 Years
Current Gross Earnings
75%
60%
75%
60%
75%
60%
75%
60%
$ 7,500
4.0
3.0
•5.5
4.0
7.5
5.5
6.5
4.5
9,000
4.0
3.0 *
5.5
4.0
7.5
5.5
6.5
4.5
15,000
4.5
3.0
6.5
4.5
8.0
6.0
7.0
5.5
23,500
6.5
4.5
8.0
5.5
8.5
6.5
7.5
5.5
30,000
7.5
5.0
8.0
6.0
8.5
6.5
7.0
5.5
40,000
7.5
5.0
8.0
6.0
8.0
6.0
7.0
5.5
65,000
7.5
5.5
7.5
6.0
7.5
6.0
6.5
5.0
• A. $357,500.
• В. $422,500
• с. $455,000
• D. $325,000.