Using the earnings multiple approach calculate how much life insurance Heather and Robert need to take out on Heather- She earns $80,000 and is 37 years old- They want coverage until she retires at age 67- Robert is sure he can get an annual rate of return on the policy settlement of 8%- They have no children.

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.