Assume that you and your spouse each work and make $40,000 each annually. There are no children. The mortgage on your condo is $220,000 and you owe $15,000 on your car loans, and $7,000 on credit card loans. Estimated funeral costs are $10,000. What is a good estimate of the amount of life insurance you need? Include the name of the estimation method. MUST SHOW ALL WORK in text.