Rachel Ehrlich is a 72-year-old widow who has recently been diagnosed with Alzheimer’s disease. She has limited financial assets of her own and has…

Rachel Ehrlich is a 72-year-old widow who has recently been diagnosed with Alzheimer’s disease. She has limited financial assets of her own and has been living with her daughter Stephanie for 2 years. Her only income is $800 a month in Social Security survivor’s benefits. Stephanie wants to make sure her mother will be taken care of if Stephanie should die. Stephanie, 40, is single and earns $55,000 a year as a human resources manager for a small manufacturing firm. She owns a condo with a current market value of $95,000 and has a $71,000 mortgage. Other debts include a $2,000 auto loan and $300 in various credit card balances. Her 401(k) plan has a current balance of $32,000, and she keeps $1,500 in a money market account for emergencies. After talking with her mother’s doctor, Stephanie believes that her mother will be able to continue living independently for another 3 years. She estimates that her mother would need about $1,500 a month to cover her living expenses and medical costs during this time. After that, Stephanie’s mother will probably need nursing home care. Stephanie calls several local nursing homes and finds that it will cost about $6,000 a month when her mother enters a nursing home. Her mother’s doctor says it is difficult to estimate her mother’s life expectancy but indicates that with proper care some Alzheimer’s patients can live 10 years after diagnosis. Stephanie also estimates that her personal final expenses would be around $14,000, and she’d like to provide a $15,000 contingency fund that would be used to pay a trusted friend to supervise her mother’s care if Stephanie were no longer alive. Use Worksheet 8.1 to calculate Stephanie’s total life insurance requirements.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more