Lon earns $100,000 per year as a notary. He is matried to Derise and they are parents of two-year-old twins. To ensure his family's financial security in the event of his death, he purchased a $1,000,000 insurance policy on his life. Since Denise is a stay-at-home mother with no employment income, Lon believes he has enough insurance coverage to offset any financial losses in the event of his or her death. Is Leon correct?