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Question 1 (2 points) You and your spouse are in good health and have reasonably secure careers. Each of you makes about $27500 annually. You

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Question 1 (2 points) You and your spouse are in good health and have reasonably secure careers. Each of you makes about $27500 annually. You own a home with an $86800 mortgage, and you owe $30400 on car loans, $5700 in personal debts and $5600 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Average funeral expenses for the area are $8400. Estimate your total insurance needs using the DINK method. (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.) Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $79000 per year. Parveen is a full-time stay-at-home mom. Use the easy method to estimate the family's life insurance needs. (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your resnonse

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