Life Insurance Needs for a Young Single. Matthew Kennedy of Urbana, Ohio, is single and has been working as an admissions counselor at a university for five years. Matthew owns a home valued at $$250,000$ on which he owes $$135,000.$ He has a two$-$year$-$old vehicle valued at $$32,000$ on which he owes $$26,000.$ He has about $$20,000$ remaining on his student loans. His retirement account has grown to $$32,000,$ and he owns some stock valued at $$9,000.$ Matthew has no life insurance and is considering buying some. How much should he buy $($ LO $12-1)?$