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Purchasing additional life insurance

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Jesse is 36 and married with two children. He is considering purchasing additional life insurance to ensure that if anything happens his wife, Jessica, will be able to financially stable to provide for the family. He has the following goals and objectives:

-Which life insurance policy would meet the financial goals listed below?

-Pay off the remaining 15 years of the mortgage

-Which life insurance policy would meet the financial goals listed below?

-Accumulate a nice college fund for his twin 3 year old

-Which life insurance policy would meet the financial goals listed below?

-Monthly income disbursements that pay for everyday living expenses

-Which life insurance policy would meet the financial goals listed below?

-Withdrawal of funds when the kids start college

-Which is the most applicable needs approach that Jesse should pursue? Why?

Reference no: EM132900242

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