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Susan, age 28, is a single parent who earns $200,000 annually as a secretary at...

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Susan, age 28, is a single parent who earns $200,000 annually as a secretary at a local private firm. She is the sole support of her son, age 3. Susan is concerned about the financial protection of her son, if she should die prematurely. She knows nothing about life insurance, and the amount of income available for life insurance is limited. (a) (4 points) Do you think Susan needs to buy a life insurance policy? Please explain your answer. B SS (b) (6 points) What major obstacle does Susan face if she tries to meet all of her financial needs by purchasing cash-value life insurance? 7 i, B I iii SS

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