Allocation of assets at death to an emergency fund is intended to replace some of the financial flexibility the family enjoyed when the breadwinner was alive. If the client's monthly income is $5,000, then how large an emergency fund should the client normally plan for when doing insurance planning? ⚫a. $5,000 Ob. $10,000 Oc. $75,000 . d. $30,000
Allocation of assets at death to an emergency fund is intended to replace some of the financial flexibility the family enjoyed when the breadwinner was alive. If the client's monthly income is $5,000, then how large an emergency fund should the client normally plan for when doing insurance planning? ⚫a. $5,000 Ob. $10,000 Oc. $75,000 . d. $30,000
Chapter12: Life Insurance Planning
Section: Chapter Questions
Problem 3DTM
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Question
![Allocation of assets at death to an emergency fund is intended to replace some of the financial flexibility the
family enjoyed when the breadwinner was alive. If the client's monthly income is $5,000, then how large an
emergency fund should the client normally plan for when doing insurance planning?
⚫a. $5,000
Ob. $10,000
Oc. $75,000
. d. $30,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc2754592-596c-47b1-b032-4fc83653d451%2F86afa2b7-10ad-4aaf-86d5-3b1d30d5ca60%2F7sgcmca_processed.png&w=3840&q=75)
Transcribed Image Text:Allocation of assets at death to an emergency fund is intended to replace some of the financial flexibility the
family enjoyed when the breadwinner was alive. If the client's monthly income is $5,000, then how large an
emergency fund should the client normally plan for when doing insurance planning?
⚫a. $5,000
Ob. $10,000
Oc. $75,000
. d. $30,000
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