Alice and Tommy have 3 dependent children- Alice earns $125,000 per year- They are taking out insurance on Alice for the next 30 years- Tommy expects to get a 9.25% rate of return on the life insurance payoff- Using the earnings multiple approach calculate how much life insurance they need to take out on Alice.

What Is the Difference Between Life and Health Insurance? 
Health insurance pays for your medical treatment, drugs, and preventative check-ups for you and others covered under your plan.

Life insurance provides a cash sum to your loved ones if you die during the length of the Life insurance policy.