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personal finance question attached below

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Tony Soprano who is 35 year old would like to obtain $250,000 life insurance coverage from now until the age of 50. He is wondering whether he should get whole life policy or the term insurance policy. He can earn an after tax rate of return of 3%. His marginal tax rate is 46%. If he purchases term insurance then any difference between whole life and term insurance premium will be invested, which he will withdraw when he turns 50. Determine his after tax wealth if he purchases today a. whole life policy and cancels it as soon as he turns 50. b. term insurance policy and invest the difference outside RRSP. c. term insurance policy and invest the difference + tax savings inside RRSP. What would you recommend? Use table 10.4. Multiply values in the table by 2.5 to obtain values for a $250,000 face value insurance policy.
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