Problem 12-9 Estimating Life Insurance Needs Using the DINK Method [LO12-2] You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage =$244,000; Auto loan =$19,600 : Credit card balance =$2,400, and other debts =$6,640. Further, you estimate that your funeral will cost $5,000 Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? Total insurance need

Problem 12-9 Estimating Life Insurance Needs Using the DINK Method [LO12-2] You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage =$244,000; Auto loan =$19,600; Credit card balance =$2,400; and other debts =$6,640. Further, you estimate that your funeral will cost $5,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance