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Diane and Mike know someone who recently died of covid complications and left his two children in a dire financial situation because he didn't have

Diane and Mike know someone who recently died of covid complications and left his two children in a dire financial situation because he didn't have life insurance. Diane and Mike have both life insurance policies, but they want to review their policies to make sure that if something happens to one of them, their family will be covered. a. Please recommend the Morales family the type of insurance and the amount they need in the unfortunate case that Mike dies. You can use any of the methods suggested in pages 424-427 of the textbook to estimate how much life insurance he should carry. Please provide a detailed explanation of your answer, include the method you use, and state at least two references to support your recommendations.

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