Amount of Insurance Needed. Marty and Mary have jobs and contribute to the household expenses actording to their incorne, Marty contrbutes 75% of the expenses and Mary contributes 25%. Currently, their household expenses are $31,100 anhualy. Marty and Mary have three childron. The youngest child is 12 , so they would like to ensure that they eould maintain their current standard of living for at least the next eight years. They feel that the insurance proceeds could be invested at 6%, in addition to covering the annual expenses, they would the to make sure that each of their chilaren has $26,608 avalable for colege. If Marty wore to de, Mary would go back to school part-time to upgrade her training as a nurse. This would cost $19,006. They have a mortgage on their home with a balance of $60,260. How much life insurance should they purchase for Mary? The amount of Ife insurance they should purchese for Mary is s (Round to the nearest dollar.)