2. Kyle and Laura Parker have been married for three years. They recently bought a home costing $212,000 using a $190,000 mortgage. They have no other debts.

Kyle earns $42,000 per year and Laura $41,000. Each has a retirement plan valued at approximately $10,000.

They recently received a mail offer from their mortgage lender for a mortgage life insurance policy of

$190,000. Their only life insurance currently is a

$20,000 cash-value survivorship joint life policy. They each would like to provide the other with support for five years if one of them should die. Assuming $10,000