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Sarah is using the needs approach to determine how much life insurance to buy. Her...

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Finance

Sarah is using the needs approach to determine how much life insurance to buy. Her cash needs are $100,000; her income needs are $140,000; and special needs are $100,000. Sarah has the following assets: $120,000 in bank accounts, $130,000 in retirement plans, and $40,000 in investment accounts. Sarah owns no individual life insurance. She is covered by a $50,000 group life insurance policy through her employer. Based on this information, which is the closest to Sarahs additional life insurance needs? A.$0

B.$10,000 C. $20,000 D. $30,000 E. $40,000

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