Estimating Life Insurance Needs Using the DINK Method. You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage = $190,000; Auto loan = $10,000;

Credit card balance = $2,000; and other debts = $4,000. Further, you estimate that your funeral will cost $6,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance?

LO12-2