An insurance agent recommends to Mack and Macy, who are each 55-years old, that they should each get a $200,000 whole life insurance policy now. Their current term policies are about to expire in the next couple of years, and their children are about to graduate. There is $150,000 remaining on the mortgage, one car is leased, the second car has a $10,000 balance on the auto loan, they have $700,000 in their IRAs and $30,000 in their bank accounts. Should they do what this agent recommends? Explain.