Mike and Judy want to provide for their special needs child…
Mike and Judy want to provide for their special needs child with life insurance in a special needs trust and they think a capitalized earnings approach should be used. Their child’s before-tax income need is estimated to be $60,000 annually. If the policy proceeds will be invested in a portfolio yielding 4%, what amount of life insurance should be purchased to fund the trust? (Assume no inflation.)
Read Details