Ken is using the needs approach to determine how much life
insurance to buy. his cash needs are 40,000. his income needs are
240,000, and his special needs are 100,000. ken has the following
assets: 20,000 in bank accounts, 30,000 in retirement plans, and
20,000 in investment accounts. ken owns no individual life
insurance. his is covered by a 50,000 group life insurance policy
through his employer. based on this information, how much
additional life insurance should ken purchase?