1. What do you anticipate your life insurance coverage needs to be in the future?
2. Determine the present value of the insurance benefits that could provide $40,000 over the next 15 years for the Sampson family. Assume that the insurance payment could be invested to earn 6% interest over time.
| Annual Amount |
$40,000 |
| Nuumber of Years |
15 |
| Annual Interest Rate |
6% |
| Present Value |
$ |