Jimmy is married and $40$ years old. He plans to retire in $20$ years $($and stop working at that time$).$ Jimmy currently makes $$60,000$ he has the following needs: cash needs of $$30,000,$ income needs of $$140,000$; and special needs of $$100,000.$ Jimmy has the following assets: $$20,000$ in bank accounts, $$30,000$ in retirement plans, and $$40,000$ in investment accounts. What death benefit amount would you recommend Jimmy purchase? Use the needs approach and assume Jimmy will have sufficient retirement assets when he retires. Round your answer to the nearest thousand.