Julian, age 27 has 2 children, ages 4 and 3, from his first
marriage. He is now married to Margaret. The children live with
their mother, Alice. Julian and Margaret each make $26,000 per year
and have recently bought a house for $100,000, with a $95,000
mortgage. They have the following life, health, and disability
insurance coverage:Policy APolicy BPolicy CInsuredJulianJulianMargaretFace Amount250,00078,00020,000Type20 year level termGroup termGroup termAnnual Premium$250$156$50Who pays premiumTrusteeEmployerEmployerBeneficiaryTrusteeAliceJulianPolicy ownerTrustJulianMargaretHealth Insurance: Julian and Margaret are covered under Julian’s
employer plan,...